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NewsTranscript
00:00The Central Bank of the Philippines is lowering its key interest rate by 25 basis points
00:06amid the expected stable inflation rate.
00:09Starting tomorrow, the target reverse repurchase rate of BSP will only be at 6%,
00:15the lowest since February of last year.
00:19Its effect is that the interest rate will drop by 5.5% in the overnight deposit
00:25and 6.5% in the lending facilities.
00:29The interest rate may drop again in December, according to BSP.
00:33The drop in the interest rate means that the interest of the loan will be lower in the bank.
00:39This may be a hindrance to the planned loans.
00:55The Central Bank of the Philippines is lowering its key interest rate by 25 basis points
01:00amid the expected stable inflation rate of BSP.
01:03The target reverse repurchase rate of BSP will only be at 6%,
01:08the lowest since February of last year.
01:11Its effect is that the interest rate will drop again in December,
01:15according to BSP.
01:17The interest rate may drop again in December,
01:21according to BSP.