What monetary policy action was suggested in response to the first quarter GDP number?
Philippine Central Bank Head Diokno Pledges More Rate Cuts
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The video discusses economic growth targets of 6-7%, challenges like delayed budgets and El Nino, and the impact of trade wars on policy. It covers monetary policy adjustments, including a 25 basis point rate cut, and the potential for further cuts depending on inflation and capacity utilization.
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OPEN ENDED QUESTION
3 mins • 1 pt
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What considerations are mentioned regarding future cuts in monetary policy?
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