Economy

Philippines cuts policy rate in effort to support economy

Easing comes amid peso's persistent weakness and continued headline inflation

20241218 remolona

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

RAMON ROYANDOYAN, Nikkei staff writer
December 19, 2024 16:04 JST
Updated on December 19, 2024 16:57 JST

MANILA -- Bangko Sentral ng Pilipinas cut interest rates in its final meeting of the year in a bid to support the Philippine economy.

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