Philippine Central Bank Cuts Interest Rate by 0.25% in Fourth Consecutive Easing
The move marks the fourth straight rate reduction by the Philippine central bank, surprising markets with continued monetary easing.
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Terms & Concepts
Interest Rate Cut: A reduction in the benchmark lending rate set by a central bank, aimed at stimulating economic activity by lowering borrowing costs.
Monetary Easing: A policy action by a central bank to lower interest rates or otherwise increase money supply to encourage economic growth.