'More than enough space' for additional BSP easing

THE Bangko Sentral ng Pilipinas (BSP) has room for more rate cuts with two meetings left in the year, analysts said, following the US Federal Reserve's (Fed) decision to lower interest rates by 50 basis points (bps).

The US central bank's cut was expected, but the market was uncertain as to whether it would be 25 or 50 bps. The larger cut put it ahead of the BSP, which last month lowered its policy rate by 25 bps.