Manila, Aug. 11 -- The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) will likely deliver another interest rate cut during the MB's next meeting on Aug. 28.

"Things look good, we have room for at least one more cut in the policy rate," BSP Governor Eli Remolona Jr. said during the 2025 Economic Journalists Association of the Philippines Economic Forum on Monday.

"We've cut already five times in the key rate, and we've cut [banks'] reserve requirements. Both measures help stimulate growth in the economy without stoking inflation."

The BSP has so far reduced policy rates by a total of 125 basis points since last year.

The latest cut brings the interest rates on the overnight deposit and lending facilities to 4.75 percent a...