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Philippines slashes rate to 4.75% as corruption scandal clouds growth outlook

BSP cuts rate amid corruption probe impacting investor confidence Peso weakens, stock index falls post rate cut Further rate cuts possible as growth targets may be missed MANILA — The Philippine central bank cut its key policy rate for a fourth straight time on Thursday, seeking to bolster economic growth that it warned could weaken as corruption allegations surrounding […] The post Philippines slashes rate to 4.75% as corruption scandal clouds growth outlook appeared first on Interaksyon.


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