Philippine central bank to cut key rate on June 19 to support economic growth: Reuters poll
Business
BENGALURU :The Philippine central bank is expected to cut its key interest rate again on Thursday as slowing inflation allows it room to support the domestic economy amid weaker growth, a Reuters poll of economists found. That marks a shift from the April survey when the majority of economists had expected the Bangko Sentral ng Pilipinas (BSP) to keep rates on hold in its June meeting. Inflation slowed to 1.3 per cent in May, the weakest pace in over five years and below the BSP's 2 per cent-4
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