MANILA -- Bangko Sentral ng Pilipinas cut interest rates in its final meeting of the year in a bid to support the Philippine economy.
Economy
Philippines cuts policy rate in effort to support economy
Easing comes amid peso's persistent weakness and continued headline inflation
Bangko Sentral ng Pilipinas Gov. Eli Remolona: According to a Reuters poll, all 24 surveyed economists forecast the BSP would ease interest rates by 25 basis points. © Reuters
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