By Luisa Maria Jacinta C. Jocson, Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) cut borrowing costs by 25 basis points (bps) on Thursday and signaled further easing amid a “more challenging external environment.”
The Monetary Board on Thursday reduced the target reverse repurchase rate by 25 bps to 5.5% from 5.75%. All 17 economists in a BusinessWorld poll last week predicted a 25-bp cut.
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