MANILA: The Philippine central bank resumed its monetary policy easing on Thursday (April 10), moving to support confidence and growth as markets are whipsawed by changing US plans to impose global tariffs.
The Bangko Sentral ng Pilipinas reduced its target reverse repurchase rate by 25 basis points to 5.5%, a move seen by all but two of 28 economists in a Bloomberg survey. The two had predicted a pause.
