Manila, Oct. 31 -- BMI, a unit of Fitch Solutions, is expecting the Bangko Sentral ng Pilipinas (BSP) to further cut interest rates before the end of the year amid low inflation and slow growth.

During its meeting on Oct. 9, the BSP's Monetary Board reduced policy rates by another 25 basis points, noting that inflation will remain within target range while growth outlook weakened.

The latest cut brings the BSP's Target Reverse Repurchase (RRP) to 4.75 percent and the interest rates on the overnight deposit and lending facilities to 4.25 percent and 5.25 percent, respectively.

The BSP has so far reduced policy rates by a total of 175 basis points since last year.

"BSP had cut rates by 25 basis points against market expectations of a ho...