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BSP cuts banks’ reserve requirement by 250 bps

By Inquirer - 2 months ago
The Bangko Sentral ng Pilipinas (BSP) has announced a supersized reduction to the cash requirements of banks, a move that would inject more funds to the financial system at a time borrowing costs are projected to fall. In a statement on Friday, the BSP said the reserve requirement ratio (RRR) for big banks and nonbank

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