BSP Governor Benjamin Diokno. - Bloomberg
MANILA (Bloomberg): The Philippine central bank cut its benchmark interest rate in an unscheduled move, seeking to keep the economy afloat amid the coronavirus outbreak.
The Bangko Sentral ng Pilipinas (BSP) lowered its key rate by 50 basis points to 2.75 per cent, Governor Benjamin Diokno said in a mobile-phone message to reporters on Thursday (April 16).
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