MANILA -- The Philippines central bank lowered its key policy rate by 25 basis points, or 0.25%, on Thursday for its fourth consecutive cut as it seeks to boost the economy.
Markets
Philippines lowers rates for 4th time in row in bid to spur on economy
Quarter-point cut to 4.75% comes after September typhoons, systemic corruption cloud growth
According to a poll in the Philippines, 10 out of 16 economists expected the Bangko Sentral ng Pilipinas to pause rate cuts. (Photo by Yuichi Shiga)
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