Medalla cites need for RRR cut

By PNA

May 21, 2023 12:12 am

BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla said the need to reduce bank's reserve requirement aims to address possible rate tightening effects once the period of the relief measure that was given to banks ends.

Medalla is referring to the measure implemented during the pandemic that allowed banks' lending to small and medium enterprises as reserve requirement compliance, which will expire on end-June this year.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Another Cabinet official says growth goal missed

Roque wooes Shein to set up shop in PH

Gov't raises $3.3B via global bond offer

Trade deficit widens in 2024 as imports rise

DA: Farmers benefited from rice tariffication law

PEZA, Tesda partner to educate workforce

Unwalkable Philippines