The Philippine central bank has cut its key rate for the fifth consecutive time, as inflation remains benign. The easing comes at a time when outlook for growth has weakened as the nation grapples with a deepening corruption scandal linked to flood control projects. The benchmark rate cut by 25 basis points bringing the rate to a three-year low of 4.5%. Inflation has averaged at 1.6% so far this year, below the central bank's 2% to 4% target.

Tag-uri: Inflatie