Economy

Philippine central bank cuts rates for first time in four years

Bangko Sentral ng Pilipina chief hints at more easing ahead despite inflation

RAMON ROYANDOYAN, Nikkei staff writer
August 15, 2024 16:06 JST
Updated on August 15, 2024 17:25 JST

MANILA -- The Philippine central bank decided to cut its key policy rate by 25 basis points during a policy meeting on Thursday, kicking off a much-awaited loosening cycle to support the economy.

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