MANILA, Aug 8 (Reuters) - The Philippine central bank cut
its benchmark interest rate PHCBIR=ECI by 25 basis points on
Thursday as widely expected, after GDP growth slowed
unexpectedly in the second quarter.
The quarter-point cut, which brought the rate on the central
bank's overnight reverse repurchase facility to 4.25%, was
correctly predicted by all 10 economists in a Reuters poll.