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Philippines: BSP slates another 100 bps RRR cut

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said it would further lower the reserve requirement ratio (RRR) by another 100 basis points as it is unlikely to step on the brake pedal for its easing cycle even after the attacks on the oil production facilities in Saudi Arabia. BSP Governor Benjamin Diokno told […]

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Philippines: Domestic trade weakens in Q2

MANILA, Philippines — Trade of goods within the country registered a double-digit slowdown both in terms of quality and quantity in the second quarter of the year, the Philippine Statistics Authority (PSA) said. Preliminary results of the Domestic Trade Statistics in the Philippines Second Quarter 2019 report showed that total domestic trade during the quarter […]

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