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Philippine central bank open to more easing despite record-low rates

In Nikkei interview, Gov. Diokno also speaks about digitizing the financial sector

Benjamin Diokno, governor of The Philippine central bank, speaks to Nikkei Asia. (File photo by Yoichi Iwata)

MANILA -- The Philippine central bank is "open to doing more" monetary easing despite already record-low interest rates and still has "a lot of tools" to support the economy's recovery from the pandemic, Gov. Benjamin Diokno told Nikkei Asia.

The central bank chief's assurances come as the Philippines, like some of its neighbors in Southeast Asia, fights a new wave of COVID infections, threatening its bid to turn around a record 9.6% economic contraction last year.

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