The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Philippine central bank Governor Benjamin Diokno said he anticipates the next interest-rate cut will probably come around the middle of this year.
The bank will remain “data-dependent,†but still has monetary policy space to ease after it lowered interest rates for the fourth time in a year, Diokno said in an interview with Bloomberg TV’s Haidi Lun.
Bangko Sentral ng Pilipinas cut its benchmark rate by 25 basis points on February 7 to 3.75%, becoming the latest Southeast Asian central bank to ease as the coronavirus outbreak in China adds to risks to global economic growth. The cut came a day after the Bank of Thailand lowered interest rates by 25 basis points and Singapore’s central bank indicated there was room for further easing in the currency.