BANKS' reserve requirements have been trimmed anew by the Bangko Sentral ng Pilipinas (BSP), which wants to reduce its reliance on the monetary tool as a means of managing liquidity.
The one-percentage point reduction, which follows an identical cut in February, will take effect June 1 for all banks and non-bank financial institutions that are currently required to comply with a 19-percent reserve requirement ratio (RRR).
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