BSP shaves rate by 25 bps, kicks off easing cycle

The Bangko Sentral ng Pilipinas (BSP) on Thursday cut the policy rate for the first time in nearly four years, becoming one of the first central banks in Asia to kick off what Governor Eli Remolona Jr. expects to be a “gradual” easing cycle. At its meeting yesterday, the powerful Monetary Board (MB) slashed the
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