Philippines lowers rates to 5%
The decision is the fourth consecutive cut since the central bank held rates in August.
Inflation was expected to fall within the 5% to 3% target range for this year, and the 4.5% to 2.5% range for 2009. Inflation in December, the most recent measure, was 3.9%. "Demand indicators continue to show some strengthening, indicating manageable price pressures going forward,"
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