Philippines advances with policy implementation revamp

philippines-currency-coin

The Central Bank of the Philippines (BSP) has announced a long-awaited reduction in the reserve requirement ratio, signalling a further move towards market-based monetary policy implementation.

The RRR for banks and non-bank financial institutions with quasi-banking functions will be reduced from 20% to 19%, effective from the reserve week beginning on March 2, 2018. Yet, the Philippines still has one of the highest RRRs in the world.

The reduction is “an operational adjustment” to support BSP

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: