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Philippine central bank cuts key interest rate to 5.50%, responding to lower inflation and trade uncertainties.
The Philippine central bank has lowered its key interest rate by 25 basis points to 5.50%, responding to a cooling inflation rate and rising trade uncertainties.
This move, expected by economists, reflects a more manageable inflation outlook, with the bank's forecast for this year now at 2.35%, down from 3.5%.
Governor Eli Remolona indicated more gradual rate cuts are likely this year, as the country seeks to navigate economic challenges posed by global tariffs and a slowing global economy.
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El banco central filipino reduce la tasa de interés clave al 5,50%, respondiendo a la menor inflación y a las incertidumbres comerciales.