MANILA/HONG KONG -- Central banks in the Asia-Pacific region are lowering interest rates to offer monetary stimulus as the U.S.-China trade war deepens economic uncertainty, with the Philippines becoming the latest nation to switch to easing mode.
The central bank of the Philippines, the Bangko Sentral ng Pilipinas, trimmed 25 basis points from its benchmark during a policy meeting Thursday, with the new rate of 4.5% set to take effect on Friday.
