{
    "success": true,
    "data": {
        "id": 1091581,
        "msgid": "rp-cuts-rates-more-likely-1447893297",
        "date": "2001-03-09 00:00:00",
        "title": "RP cuts rates, more likely",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "RP cuts rates, more likely MANILA (Reuters): The Philippine central bank said on Thursday it would cut key overnight rates by 50 basis points, effective Monday, following relatively benign inflation in February and a stable outlook for the peso. Money market dealers said the cut was largely anticipated and that another 50 bps reduction was likely after March 20, when the U.S. Federal Reserve is seen likely to slash its own rates.",
        "content": "<p>RP cuts rates, more likely<\/p>\n<p>MANILA (Reuters): The Philippine central bank said on Thursday<br>\nit would cut key overnight rates by 50 basis points, effective<br>\nMonday, following relatively benign inflation in February and a<br>\nstable outlook for the peso.<\/p>\n<p>Money market dealers said the cut was largely anticipated and<br>\nthat another 50 bps reduction was likely after March 20, when the<br>\nU.S. Federal Reserve is seen likely to slash its own rates.<\/p>\n<p>\"The Monetary Board took into account the broad stability in<br>\nthe foreign exchange market, comfortable interest rate<br>\ndifferentials and favorable inflationary expectations in the<br>\nsecond half of the year in reaching its decision,\" central bank<br>\ngovernor Rafael Buenaventura told reporters after a meeting of<br>\nthe policy-making Board.<\/p>\n<p>The latest cut would take the overnight borrowing rate to 10.5<br>\npercent and overnight lending to 12.75 percent.<\/p>\n<p>A tiering system would remain in place for overnight<br>\nborrowing, with the first five billion pesos placed with the bank<br>\nby any one institution attracting 10.5 percent, the next five<br>\nbillion 9.0 percent and any subsequent placements 7.5 percent.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rp-cuts-rates-more-likely-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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