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PHILIPPINES CENTRAL BANK CUTS RATES FURTHER BY 50 BASIS POINTS.
Publication: AsiaPulse News Publication Date: 02-FEB-01 |
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COPYRIGHT 2001 Asia Pulse Pty Ltd
MANILA, Feb 2 Asia Pulse - The Central Bank's Monetary Board decided Thursday to cut further by 50 basis points the overnight borrowing and lending rates to 11.5 percent and 13.75 percent, respectively, effective Monday, 5 February 2001.
This marks the fourth policy rate cut since the beginning of...
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