2020-03-24 18:29
IndustryPhilippines to Cut Banks’ Reserve Ratio by 200 Bps
The Philippine central bank will cut lenders’ reserve requirement ratio by 200 basis points, Governor Benjamin Diokno said, a day after announcing a plan to buy 300 billion pesos ($5.86 billion) worth of government debt.
The cut, which will bring big banks’ required reserve ratio to 12%, will take effect on March 30, he said.
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Philippines to Cut Banks’ Reserve Ratio by 200 Bps
Philippines | 2020-03-24 18:29The Philippine central bank will cut lenders’ reserve requirement ratio by 200 basis points, Governor Benjamin Diokno said, a day after announcing a plan to buy 300 billion pesos ($5.86 billion) worth of government debt.
The cut, which will bring big banks’ required reserve ratio to 12%, will take effect on March 30, he said.
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