Philippines cuts key rate for third time this year

Economist sees room for further easing amid slowing economy

20190926 PHILIPPINES-CENBANK/CYBER

The Bangko Sentral ng Pilipinas on Sept. 26 cut 25 basis points off its benchmark rate, which now stands at 4%. © Reuters

CLIFF VENZON, Nikkei staff writer

MANILA -- The Philippine central bank on Thursday slashed its benchmark rate for a third time this year in the face of decelerating inflation and a slowing domestic economy.

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