Manila, March 11 -- Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. anticipates the Monetary Board "to cut a few more times" this year, saying a reduction is "on the table" during the rate setting meet next month.
He told reporters Tuesday that the policy-making MB remains on the easing cycle, but clarified that timing and magnitude will depend on inflation data and other economic indicators.
"So far, our measures of policy uncertainty have spiked. But the market measures of uncertainty have not really spiked," he said during the Tuesday Club meeting of journalists at a hotel in Mandaluyong City.
On the other hand, the BSP chief said a 5-percent reserve requirement ratio (RRR) is still high, but further cuts must be gradual t...