By Luisa Maria Jacinta C. Jocson, Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday cut policy rates for the first time in nearly four years amid an improving inflation outlook.
The Monetary Board on Thursday reduced the target reverse repurchase (RRP) rate by 25 basis points (bps) to 6.25% from the over 17-year high of 6.5%. This was in line with the expectations of nine out of 16 analysts surveyed in a BusinessWorld poll last week.
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