Philippine Central Bank Chief on Rate Cut, Economy
Market Intelligence Analysis
AI-PoweredThe Philippine central bank has cut its benchmark interest rate for the fifth consecutive time, aiming to boost economic growth affected by a graft scandal.
Market impact analysis based on bullish sentiment with 65% confidence.
Article Context
The Philippine central bank has delivered a fifth consecutive cut to its benchmark interest rate. BSP Governor Eli Remolona says the rate cut is intended to boost growth which suffered due to the loss of confidence following a graft scandal. He speaks on Bloomberg's The China Show. (Source: Bloomberg)
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