File pic: Benjamin Diokno, governor of the Bangko Sentral ng Pilipinas, left, speaks as Diwa Guinigundo, deputy governor, looks on during a news conference at the central bank's headquarters in Manila, the Philippines, on Friday, March 8, 2019.
MANILA: The Philippine central bank Governor Benjamin Diokno said he sees about 50 basis points of interest rate cuts for the rest of the year, with the timing of the reductions likely to depend on incoming economic data.
"Until the end of the year, it’s around 50 basis points,” Diokno said on Monday when asked if he was open to lowering borrowing costs further. "If we’ll do a 50 basis points, we’ll make it clear that this is the end of the easing period
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