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Philippines' Central Bank Cuts Rate by 25 bps for 2nd Time in 2019, In-line
Central bank of the Philippines unveiled its decision to cut rate by 25 bps for the second time this year, lowering the benchmark interest rate to 4.25%, in-line with market consen...
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Philippines' Central Bank Cuts Rate by 25 bps for 2nd Time in 2019, In-line
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2019/08/08 17:14
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Central bank of the Philippines unveiled its decision to cut rate by 25 bps for the second time this year, lowering the benchmark interest rate to 4.25%, in-line with market consensus.

The central bank had trimmed rate by 25 bps in May 2019, representing the first rate cut since 2016, in a move to bolster the economy.
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