THE Bangko Sentral ng Pilipinas (BSP) resumed its monetary policy easing by cutting interest rates on Thursday, a widely anticipated move that some analysts expect would continue this year.
The central bank’s overnight borrowing, lending and deposit rates were reduced by 25 basis points to 3.75 percent, 4.25 percent and 3.25 percent, respectively, after its policy-making Monetary Board held its first rate-setting meeting for 2020.
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