The Philippines’ central bank has lowered its interest rate to 4.75% from the previous 5.00%, marking a 0.25 percentage point decrease. This reduction signals a shift towards a more accommodative monetary policy stance.
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The actual interest rate cut to 4.75% was below the analyst estimate of 5.00%, which may lead to a positive reaction in the stock market, particularly benefiting interest rate-sensitive sectors such as real estate and banking. The unexpected rate cut could boost investor sentiment in the short term, as it suggests a focus on stimulating economic growth.