BSP cuts key interest rate anew, down to 4.75%
MANILA, Philippines — The Bangko Sentral ng Pilipinas yet again reduced its key policy rate by 0.25 percentage point. It is now at 4.75 percent. The BSP’s decision was contrary to expectations, even as inflation in the Philippines remained below the BSP’s target range of 2 percent to 4 percent. READ: Bangko Sentral seen to