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Philippines inflation slowed to 5-month low in April

The country’s headline inflation further decelerated to a five-month low of 2.2 percent in April from 2.5 percent the month before on the back of lower oil prices, the Philippine Statistics Authority (PSA) reported on Tuesday. The statistics agency said consumer price growth last month was the slowest since the 1.3 percent posted in November […]

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Philippines: Analysts expect more BSP interest rate cuts

Analysts expect the Bangko Sentral ng Pilipinas (BSP) to further reduce interest rates after the country’s headline inflation dipped to a five-month low of 2.2 percent in April. According to ING Bank Manila, ANZ Research, Nomura and JP Morgan analysts, lower consumer price growth last month gives the central bank more space to continue easing […]

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Malaysia: Bank Negara slashes key interest rate to 2pc

KUALA LUMPUR, May 5 — Bank Negara Malaysia has reduced its overnight policy rate yet again after earlier cuts in January and March, slashing it today by 50 basis points to 2.00 per cent. The central bank said the decision was made in its Monetary Policy Committee meeting today in response to deteriorating business conditions […]

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