Poll: BSP to cut policy rate to 4.25%

By Katherine K. Chan, Reporter

SLUGGISH economic growth and a still benign inflation outlook provide the Bangko Sentral ng Pilipinas (BSP) with ample room to deliver a sixth straight interest rate cut at its first policy meeting this year, analysts said.

Based on a BusinessWorld poll conducted last week, all 16 analysts surveyed expect the Monetary Board to reduce the target reverse repurchase rate anew by 25 basis points (bps) on Thursday, Feb. 19.