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BSP trims banks& rsquo; reserve requirement ratio to 16%

BSP trims banks& rsquo; reserve requirement ratio to 16%.....»»

Category: financeSource: thestandard thestandardMay 16th, 2019

BSP trims banks& rsquo; reserve requirement ratio to 16%

BSP trims banks& rsquo; reserve requirement ratio to 16%.....»»

Category: financeSource:  thestandardRelated NewsMay 16th, 2019

Term deposit rates mixed anew

Term deposits were mixed anew yesterday with the yield for the seven and 29-day tenors climbing, while the yield for the 14-day term deposit declined as the latest reduction of the reserve requirement ratio for banks took effect......»»

Category: financeSource:  philstarRelated NewsDec 5th, 2019

BAP welcomes RRR cut

The Bankers Association of the Philippines (BAP) welcomed the reduction made by the Bangko Sentral ng Pilipinas (BSP) further reducing the reserve requirement ratio (RRR) for banks. This was learned from BAP President Cezar Consing who said the cut will help align the country’s deposit reserves nearer to peers in the region. “We are now […] The post BAP welcomes RRR cut appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 25th, 2019

Bangko Sentral cuts banks reserve requirement anew to support growth

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) trims anew the amount banks need to hold in their reserves, as the Philippines is poised to miss economic growth targets this year like the rest of the world. The BSP said on Thursday, October 24, ........»»

Category: newsSource:  rapplerRelated NewsOct 24th, 2019

Bangko Sentral hits the gas for economic growth

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) trimmed the level of cash banks need, as the Philippines struggles to hit its economic growth target. The BSP monetary board approved on Friday, September 27, the lowering of the reserve requirement ratio (RRR) by 100 ........»»

Category: newsSource:  rapplerRelated NewsSep 28th, 2019

Term deposit rates ease across the board

The yield of term deposits eased across the board at Wednesday’s auction as banks await the release of additional funds into the financial system from the reduction of the reserve requirement ratio (RRR) effective May 31......»»

Category: financeSource:  philstarRelated NewsMay 29th, 2019

Gov’t makes full award of T-bills ahead of reserve ratio reductions

THE GOVERNMENT fully awarded the Treasury bills (T-bill) it auctioned off on Monday, with yields declining across all tenors as market participants priced in ongoing trade tensions between China and the United States as well as the first tranche of reductions to banks’ reserve requirement ratios (RRR)......»»

Category: financeSource:  bworldonlineRelated NewsMay 27th, 2019

Thrift, rural bank reserve requirement cut

THE MONETARY BOARD of the Bangko Sentral ng Pilipinas (BSP) on Thursday announced an expected reduction in thrift, rural and cooperative banks’ reserve requirement ratio (RRR) -- a week after it did so for big banks and two weeks after it cut policy interest rates -- releasing more funds for lending to further prod economic activity at a time of easing inflation and slowing gross domestic product growth that disappointed at a four-year-low 5.6% last quarter......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2019

Bangko Sentral trims small banks’ reserve requirement ratio

THE central bank has trimmed small banks’ reserve requirement ratio (RRR) on Thursday, with monetary authorities ordering a total of 300-basis-points (bps) reduction on the liquidity-mopping tool. “This morning, the Monetary…READ The post Bangko Sentral trims small banks’ reserve requirement ratio appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 23rd, 2019

Peso rises slightly on fresh RRR cuts, oil prices

THE PESO strengthened against the greenback on Thursday as global crude oil prices declined and the reduction in smaller banks’ reserve requirement ratio (RRR) announced yesterday......»»

Category: financeSource:  bworldonlineRelated NewsMay 23rd, 2019

Central bank chief signals more reserve ratio cuts

THE BANGKO SENTRAL ng Pilipinas (BSP) will consider reducing the reserve requirement ratio (RRR) for lenders further if banks don’t misbehave and speculate against the peso, Governor Benjamin E. Diokno said......»»

Category: newsSource:  bworldonlineRelated NewsMay 17th, 2019

From 20% to 15% by 2017 BSP seen easing banks’ reserve req’ts

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) looks set to slash the reserve requirement ratio for banks to release more liquidity into the cou.....»»

Category: financeSource:  philstarRelated NewsDec 10th, 2016

BSP not inclined to reduce reserve requirement of banks again

The Bangko Sentral ng Pilipinas will not likely trim the reserve requirement ratios of banks at the moment, given the sufficient level of money supply circulating in the financial system amid the spread of coronavirus disease 2019 pandemic......»»

Category: financeSource:  thestandardRelated NewsMay 23rd, 2020

BSP eases rules on asset cover of banks& rsquo; FCDUs

The Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, eased the asset cover requirement on banks with expanded/foreign currency deposit units to provide them with greater flexibility to manage their foreign currency exposures......»»

Category: financeSource:  thestandardRelated NewsApr 24th, 2020

Interest rates, banks’ reserve requirement ratio cuts needed — Diokno

THE central bank is committed to trimming further its key policy rates and banks’ reserve requirement ratio (RRR) to cushion the impact of coronavirus disease 2019 crisis to the economy, Bangko Sentral ng Pilipinas Governor (BSP) Benjamin Diokno said. In a text message on Sunday, Diokno reiterated that the central bank’s policy-making Monetary Board authorized […].....»»

Category: newsSource:  manilatimes_netRelated NewsApr 12th, 2020

Stocks surge back to 5,000 territory

The stock market rallied yesterday after the Bangko Sentral ng Pilipinas agreed to cut the reserve requirement ratios of banks to inject more cash into the economy......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2020

BSP slashes banks’ RRR by 200 bps

The Bangko Sentral ng Pilipinas (BSP) on Tuesday trimmed banks’ reserve requirement ratio (RRR) by 200 basis points (bps) to calm financial markets and bolster liquidity while Luzon is under a 30-day “enhanced community quarantine” to contain the spread of the coronavirus disease 2019 (Covid-19) in the country. In a text messag, BSP Governor Benjamin […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 24th, 2020

Rate cuts spur double-digit credit growth

Credit growth picked up pace in November last year, rising by 10.1 percent as the Bangko Sentral ng Pilipinas slashed key interest rates and lowered the reserve requirement of banks.’.....»»

Category: financeSource:  philstarRelated NewsJan 9th, 2020

BSP seen resuming rate, RRR cuts in Q1

DBS Bank Ltd. of Singapore said the Bangko Sentral ng Pilipinas is expected to resume its easing cycle by slashing interest rates and further lowering the reserve requirement ratio as early as the first quarter of next year......»»

Category: financeSource:  philstarRelated NewsDec 26th, 2019

‘Lackluster’ bank lending seen despite RRR cut

BANK-LENDING growth would remain “lackluster” despite the additional liquidity in the financial system resulting from the recent reduction in lenders’ reserve requirement ratio (RRR), an economist said on Wednesday. “We may continue to see bank lending [register] lackluster growth despite successive reductions to [the] RRR as cash infusions simply revert to the national government’s coffers,” […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 31st, 2019