MANILA, Jan 30 (Reuters) - The Philippine central bank is
still considering cutting its benchmark interest rate by at
least 50 basis points (bps) this year, its governor said on
Thursday.
The central bank slashed its policy rates PHCBIR=ECI by 75
basis points in 2019, reversing some of the policy tightening it
did in 2018 to slow red-hot inflation.
"We still have a long way to unwind," Bangko Sentral ng
Pilipinas Governor Benjamin Diokno told reporters ahead of the
central bank's policy meeting on Feb 6.
Economic growth in the Philippines slid to an eight-year low
of 5.9% last year, missing the low-end of the government's
6.0%-6.5% expansion target.