BusinessWorld E-paper
June 09, 2023
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday cut banks’ reserve requirement ratio effective June 30, while signaling that it would not touch the key rate.
The central bank would cut the ratio for universal and commercial banks and nonbank financial institutions with quasi-banking functions by 250 basis points (bps) to 9.5%, BSP Governor Felipe M. Medalla told reporters.
