Analysts: Bank reserve ratios to be lowered anew next year

Sep 23, 2024 12:19 am

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.

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

Pores majeure

US consumer spending solid in Nov

Rediscovering Christmas' joys without breaking the bank

Consumers less gloomy; business sentiment rises

Rate cut caution could cause Fed-Trump friction

IMF sees moderate PH economic growth

BOI targeting P1.75T in approvals for 2025