MANILA -- Bangko Sentral ng Pilipinas cut interest rates in its final meeting of the year in a bid to support the Philippine economy.
The country's central bank cut 25 basis points from the target reverse repurchase rate to 5.75% on Thursday. The BSP began easing monetary policy earlier this year as the domestic economy has been recovering from pandemic woes. The central bank has delivered a total of 75 basis point cuts since August.
