Philippines c.bank says ‘deeper’ policy rate cut needed to cushion virus blow
The Philippines’ central bank
governor on Sunday said another 200 basis-point cut in its
reserve requirement ratio (RRR) is “forthcoming” and signalled
there will be more interest rate cuts to cushion the economic
blow of the coronavirus outbreak.
governor on Sunday said another 200 basis-point cut in its
reserve requirement ratio (RRR) is “forthcoming” and signalled
there will be more interest rate cuts to cushion the economic
blow of the coronavirus outbreak.
Posted by Reuters
