Manila, April 10 -- The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) resumed its easing cycle on Thursday, cutting interest rates by another 25 basis points amid decelerating inflation.

The latest cut brings the BSP's target reverse repurchase (RRP) rate by 25 basis points to 5.50 percent.

The interest rates on the overnight deposit and lending facilities were also adjusted to 5 percent and 6 percent, respectively.

In a briefing, BSP Governor Eli Remolona Jr. said the central bank's latest inflation forecasts declined from the previous meeting in February.

The risk-adjusted inflation forecast for 2025 fell from 3.5 percent to 2.3 percent, while the forecast for 2026 declined from 3.7 percent to 3.3 percent.

The risk-adjust...