Manila, April 14 -- Fitch Solutions unit BMI forecasted that the Bangko Sentral ng Pilipinas (BSP) will cut policy rates anew in June following a 25 basis points (bps) easing during the Monetary Board meeting on April 10.

"We maintain our forecast that the BSP will further lower rates by 50 basis points to 5 percent in 2025," BMI said. "What we can say with confidence is that the BSP will look for another 25bps cut at the next meeting scheduled on June 19."

BMI cited that the slowing down of inflation rate, which stood at 1.8 percent in March this year, contributes to the possible rate cuts by the central bank.

As BMI projected inflation to average 2.6 percent this year, it said this will give the BSP the flexibility for another rate c...