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Philippines Cuts Rates Amid Corruption Scandal, Peso Falls

10/11/2025

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Summary

Story summary

The Bangko Sentral ng Pilipinas cut its benchmark rate by 25 basis points to 4.75%.
The move comes amid a government contracts corruption scandal that has dimmed investor confidence.
The peso fell about 0.5% against the dollar, raising concerns about growth.
Barclays expects 75 basis points of further cuts over the next three meetings.

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Story summary

The Bangko Sentral ng Pilipinas cut its benchmark rate by 25 basis points to 4.75%.
The move comes amid a government contracts corruption scandal that has dimmed investor confidence.
The peso fell about 0.5% against the dollar, raising concerns about growth.
Barclays expects 75 basis points of further cuts over the next three meetings.