MANILA -- The Philippine central bank cut its key interest rate on Thursday just hours after the government reported that economic growth in the first three months of the year expanded at its slowest pace in four years.
Economy
Philippines cuts key rate after economy slows to 4-year low
Slowdown in Q1 prompts move amid sluggish spending and easing inflation
The Bangko Sentral ng Pilipinas cut its key policy rate on Thursday as inflation has returned to the central bank's 2% to 4% target range after six straight months of easing consumer prices. © Reuters
Read Next
Latest on Economy
