THE Bangko Sentral ng Pilipinas (BSP) will likely cut bank reserve requirements by 200 basis points (bps) next year, analysts said, following last week's announcement of a 250-bps reduction set to take effect on October 25.
"In our view, BSP's goal is to reach five percent in 2025, so we would expect more RRR (reserve requirement ratio) reductions next year, owing to our expectation that headline inflation remains within BSP's target," Nomura economist Euben Paracuelles said.
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