MANILA: The Philippine central bank resumed its easing cycle on Thursday, as expected, cutting its key policy rate by 25 basis points to 5.50% to help the economy cope with global challenges, including the potential fallout from U.S. trade policy.
The quarter-point reduction in the benchmark interest rate , which was forecast by 20 out of 23 economists in a Reuters poll, came after data last week showed inflation eased to a near five-year low of 1.8% in March.
