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The Bangko Sentral ng Pilipinas has cut its benchmark interest rate to 4.5% to support economic growth amid low inflation and a corruption scandal affecting confidence. The International Monetary Fund urges China to address economic imbalances as it experiences a record trade surplus, advocating for increased domestic consumption. Meanwhile, the Hong Kong Monetary Authority has also lowered its base rate to 4.0%, but major banks have kept lending rates steady, potentially limiting the effectiveness of the r

Author

Quỳnh Chi Nguyễn

Language

EN