MANILA, March 16 (Reuters) - The Philippine central bank
might consider a 50 basis points policy rate PHCBIR=ECI cut at
its meeting on Thursday, its governor said on Monday, to counter
the economic impact of the coronavirus outbreak.
Given the threat of the spreading virus, slowing global
economy, muted inflation and synchronised global monetary
easing, Governor Benjamin Diokno said the Bangko Sentral ng
Pilipinas "might consider a deeper cut, say 50 bps."
Several economists have penciled in a quarter-point cut on
Thursday which would follow a 25 bps cut on Feb. 6 which took
the rate to 3.75%.