Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslav√≠n, 162 00 Praha 6
  • Czech Republic

Philippine central bank chief says August rate cut 'more likely' than before

MANILA -- The Philippine central bank's chief said that an interest rate cut in August is "somewhat more likely than before" during a news briefing on Thursday that followed a decision to keep its key rate on hold for now.

After a monetary board meeting, the Bangko Sentral ng Pilipinas (BSP) maintained its benchmark rate at a 17-year high of 6.50% amid lingering inflation concerns and as it waits for cues from the U.S. Federal Reserve. The bank pursued a series of hikes in 2023 in a bid to rein in inflation.

Read more on asia.nikkei.com