First rate cut likely 25 basis points

MONETARY authorities will cut key interest rates by 25 basis points (bps) once inflation settles around the midpoint of the target range, the chief of the Bangko Sentral ng Pilipinas (BSP) said.

«Right now, if we ease, it will just be 25 basis points. But we'll see,» central bank Governor Eli Remolona Jr. told reporters on Monday.

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