India, April 10 -- The Philippine central bank resumed its policy easing on Thursday, by cutting the rates by a quarter-point to address the challenges posed by trade tariffs to the domestic economy.
The Monetary Board of the Bangko Sentral ng Pilipinas decided to reduce the Target Reverse Repurchase rate by 25 basis points to 5.50 percent.
The interest rates on the overnight deposit and lending facilities were accordingly reduced to 5.0 percent and 6.0 percent, respectively.
The bank had paused its policy easing in February after cutting it for three straight times.
".the more manageable inflation outlook and the risks to growth allow for a shift toward a more accommodative monetary policy stance," the bank said today.
The bank downgr...