Philippine central bank says still on easing cycle, April cut on table

MANILA – The Philippine central bank is still on an easing cycle and could cut rates at its April meeting, Governor Eli M. Remolona Jr. said on Tuesday.

The Bangko Sentral ng Pilipinas (BSP) unexpectedly kept its key interest rate steady in February after three consecutive 25-basis-point cuts in previous reviews, citing uncertainties over global trade policies. — Reuters