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Central bank relaxes interest rates, warns of economic downturn

Central bank relaxes interest rates, warns of economic downturn

Mar 19, 2020 | Business

Warning of an economic downturn, the central bank on Thursday cut its policy rate and relaxed some regulations to help banks and businesses amid the Covid-19 pandemic. The Monetary Board, the policymaking body of the Bangko Sentral ng Pilipinas (BSP), cut the...

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