The Bangko Sentral ng Pilipinas cut the reserve requirement ratio, effective March 30, for universal and commercial banks, after cutting policy rates last week. Bangko Sentral ng Pilipinas (BSP) Gov. Benjamin Diokno on Tuesday ordered a cut in the reserve requirement...
By PressOnePH Business By year-end, the Bangko Sentral ng Pilipinas (BSP) would have injected nearly enough fresh cash into the financial system to fund all projects of the government’s main infrastructure agency this year. Banks would be allowed to free up to P400...
By PressOnePH BSP Gov. Benjamin Diokno The Bangko Sentral ng Pilipinas (BSP) is going full-on growth mode.Just a day after slashing borrowing costs, the central bank announced on Friday that it ordered banks to free up around P100 billion from their vaults to support...
By PressOnePH Business Billions of pesos in bank reserves made available by the central bank for borrowers have so far proven ineffective in accelerating lending, providing another indication that second-quarter economic growth would likely disappoint when reported...
