Manila may cut reserve requirements in January

Philippine central bank governor Rafael Buenaventura said the bank may delay lowering bank reserve requirements until January next year.

The bank has previously said it may cut the reserve requirements sooner rather than later.But he added there was room for additional cuts in the central bank's key overnight rates."Chances are the liquidity reserve cut will be done in the first week of January," Buenaventura told reporters late on Tuesday. "We'll see, we'll continuously monitor inflation and