Philippines Cuts Key Rate Again as Inflation Stays Below Target

The Philippine central bank lowered its key interest rate by a quarter point for the second time this year as widely expected, after inflation remained below target.
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday, matching the forecast by 29 of 30 economists in a Bloomberg survey. One saw a hold.

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This article originally appeared on USA TODAY: US stocks close mostly lower as investors mull Trump Iran move, Fed Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data