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  - MANILANEWS.NET - A La Une - 19/Jun 11:45

Philippine central bank cuts key rates

MANILA, June 19 (Xinhua) -- The Philippine central bank on Thursday said it decided to reduce its target reverse repurchase rate by 25 basis points to 5.25 percent and the interest rates on the overnight deposit and lending facilities to 4.75 percent and 5.75 percent, respectively.

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Philippines posts 298 mln USD deficit in May

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