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KM Financial Solutions | Philippines c.bank says ‘deeper’ policy rate cut needed to cushion virus blow
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Philippines c.bank says ‘deeper’ policy rate cut needed to cushion virus blow

11 Apr Philippines c.bank says ‘deeper’ policy rate cut needed to cushion virus blow

Posted at 02:39h in News by
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The Philippines’ central bank
governor on Sunday said another 200 basis-point cut in its
reserve requirement ratio (RRR) is “forthcoming” and signalled
there will be more interest rate cuts to cushion the economic
blow of the coronavirus outbreak.

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