MANILA -- The Philippine central bank on Thursday trimmed its benchmark rate by 25 basis points as it moved to support economic growth, wielding policy flexibility recently gained from the deceleration of inflation.
Markets
Philippine central bank cuts rates to boost economic growth
Second easing this year comes amid slowest inflation in over 5 years
The Philippine peso, which in April was stronger than it had been since August 2023, has allowed Bangko Sentral ng Pilipinas to further ease its monetary policy. © Reuters
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