Philippine Ctrl Bk mulls hiking liquidity reserves

PHILIPPINES - The Philippine Central Bank is considering hiking anew the liquidity reserve requirement of commercial banks to help boost the ailing peso.

Buenaventura told Dow Jones Newswires on 5 August the central bank is studying the possibility of raising the reserve requirement by another two percentage points if appropriate.

The total reserve requirement of banks is 16% of total deposits, of which 7% are liquidity reserves. These are funds that must be invested in government securities

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