BusinessWorld E-paper
October 17, 2024
THE BANGKO SENTRAL ng Pilipinas (BSP) continued its easing cycle with a 25-basis point (bp) rate cut for a second straight meeting and signaled further cuts ahead.
The Monetary Board on Wednesday trimmed the target reverse repurchase (RRP) rate by 25 bps, bringing the key rate to 6% from 6.25%.
