The plan of the Bangko Sentral ng Pilipinas (BSP) to reduce banks’ reserve requirements (RR), even after adjustments to the key rates possibly in June, will not affect the Monetary Board’s policy stance, according to officials.
The plan of the Bangko Sentral ng Pilipinas to reduce banks’ reserve requirements , even after adjustments to the key rates possibly in June, will not affect the Monetary Board’s policy stance, according to officials.
BSP officials, however, explained in an email to Manila Bulletin that the planned reduction in reserve requirement ratios is not meant to signal any change in the BSP’s policy stance.
The BSP’s Monetary Board has kept the two-percent benchmark rate during its first two policy meetings last Feb. 17 and March 24 this year. The next two upcoming monetary policy meetings are scheduled on May 19 and June 23, its third and fourth policy meetings. The Monetary Board has a total of eight policy meetings in a year.
Since a lower RR ratio reduces intermediation costs, the BSP wants to reduce the ratio to single-digit levels by 2023. The BSP’s RR ratio of 12 percent for big banks and 14 percent for non-banks is considered one of the highest in the region.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
BSP to pursue RR cuts in 2HThe plan of the Bangko Sentral ng Pilipinas (BSP) to reduce banks’ reserve requirements (RR), even after adjustments to the key rates possibly in June, will not affect the Monetary Board’s policy stance, according to officials.
Baca lebih lajut »
BSP to pursue RR cuts in 2HThe plan of the Bangko Sentral ng Pilipinas (BSP) to reduce banks’ reserve requirements (RR), even after adjustments to the key rates possibly in June, will not affect the Monetary Board’s policy stance, according to officials.
Baca lebih lajut »
Putin warns of retaliation if West interferes in Ukraine - BusinessWorld OnlineWARSAW/SOFIA/KYIV — Russian President Vladimir Putin warned of lightning-fast retaliation if countries interfere in Ukraine as European leaders accused Russia of “blackmail” over its cuts to gas supplies.
Baca lebih lajut »
LPG to lead oil price cuts by P5.77/kg' LPG to lead oil price cuts by P5.77/kg ' Consumers will likely experience lower pump prices next week by nearly P2 per liter for gasoline and nearly P6 per kilogram price cut for cooking gas or liquefied petroleum gas (LPG). Read more👇
Baca lebih lajut »