Investing.com - Financial Markets Worldwide
📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Philippine c.bank still eyeing at least 50 bps of rate cuts this year

Published 01/30/2020, 02:45 PM
Updated 01/30/2020, 02:48 PM
Philippine c.bank still eyeing at least 50 bps of rate cuts this year

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.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.