Philippines poised for more easing, could match Fed's 50 bps cut: Finance minister

MANILA: Philippine Finance Secretary Ralph Recto (pic), who sits on the central bank's monetary board, said on Tuesday Sept 24) the monetary authority can afford to slash interest rates further and match the size of the US Federal Reserve's rate cut.

"The Fed reduced by 50 basis points. I think we can also do half a per cent," Recto a told media briefing.