Economics
Philippines May Resume Cutting Key Rate, Central Bank Chief Says
- Higher prices, Mideast tensions won’t alter bank’s easing plan
- Governor Diokno notes 100 bps of 2018 hikes yet to be undone
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The Philippines may cut its key interest rate in the first quarter of the year, with a pickup in December inflation and heightened Middle East tensions unlikely to derail the central bank’s plan to unwind past aggressive monetary tightening.