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Why did the bsp decide to decrease policy rates

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Reference no: EM132688426

Problem 1: The recent COVID-19 has put the country on lockdown for three (3) months. The Bangko Sentral ng Pilipinas (BSP) implemented a series of rate cuts in 2020 from 4% at the start of the year to only 2.25% by June. Why did the BSP decide to decrease policy rates?

Reference no: EM132688426

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