Inflation trend key to reserve ratio cuts

By The Manila Times

Mar 27, 2023 12:28 am

A reduction in bank reserve requirements could take a bit more time because inflation remains high, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said on Friday.

Speaking to reporters at the sidelines of a Chamber of Thrift Banks membership meeting, Medalla said that inflation hitting a 14-year high of 8.7 percent in January had changed the 'calculus' for monetary authorities.

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