Reserve requirement cuts set for end-June

Jun 09, 2023 12:38 am

BANK reserve requirements will be reduced effective June 30 as part of efforts to manage liquidity and credit conditions, the Bangko Sentral ng Pilipinas (BSP) announced on Thursday.

'This operational adjustment is in line with the BSP's ongoing efforts toward a more active and flexible approach to liquidity management through market-based monetary operations,' the central bank said in a statement.

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