UPDATE 2-Philippine inflation picks up in May, but more policy easing seen <!-- no image --> <div>* Analysts expect further cuts in policy rate and RRR (Adds c.bank governor, analyst comments)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=gfDsxAGwnFE:dahn8Z7Z3-k:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=gfDsxAGwnFE:dahn8Z7Z3-k:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=gfDsxAGwnFE:dahn8Z7Z3-k:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=gfDsxAGwnFE:dahn8Z7Z3-k:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=gfDsxAGwnFE:dahn8Z7Z3-k:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/gfDsxAGwnFE" height="1" width="1" alt=""></div> Posted in: http://feeds.reuters.com/reuters/UKBankingFinancial