THE country’s 2.7-percent inflation rate in June gave the Bangko Sentral ng Pilipinas (BSP) room to resume its monetary policy easing as early as August, according to analysts.

In a comment on Friday, ING Bank Manila senior economist Nicholas Antonio Mapa said “ING is penciling in a policy rate cut by the BSP at its August meeting, should inflation continue to show it [would] remain within target and 2Q (second quarter) growth is projected to be soft.”