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Bangko Sentral keeps interest rate at 2 percent

ABS-CBN News
Updated as of Sep 23 06:54 PM

The Bangko Sentral ng Pilipinas on Thursday kept the benchmark policy rate steady at 2 percent. Read more »

Interest rate adjustment, RRR cut untimely: BSP

ABS-CBN News
Updated as of Aug 09 03:50 PM

Raising key borrowing rates and reducing the reserve requirement for banks at this time is "untimely" and would be counterproductive in fostering economic growth, Bangko Sentral Governor Benjamin Diokno said Monday. Read more »

BSP panel keeps eye on ‘systemic risks’ from global recession

ABS-CBN News
Posted at Aug 26 07:04 PM

The BSP said its board-level Financial Stability Policy Committee met again to assess these risks, as well as identify further interventions in line with the transition to the "New Economy."   Read more »

BSP pauses, keeps key rates unchanged after 4 cuts in a row

ABS-CBN News
Updated as of Aug 20 05:05 PM

The Bangko Sentral ng Pilipinas on Thursday kept the overnight borrowing rates steady at 2.25 percent as the newly downgraded COVID-19 restrictions stepped up the gas for economic recovery.  Read more »

Bangko Sentral cuts reserve requirement ratio of thrift, rural banks by 100bps

ABS-CBN News
Updated as of Jul 21 10:32 AM

The Bangko Sentral ng Pilipinas (BSP) on Tuesday said it cut the reserve requirement ratio for thrift, savings and cooperative banks by 100 bps effective July 31. Read more »

Bangko Sentral says rate cut pause to help market ‘digest’ easing actions

ABS-CBN News
Updated as of Jul 13 11:30 AM

Bangko Sentral ng Pilipinas Governor Banjamin Diokno said Monday the country still has "lots of bullets" to fire if needed to support the economy in its fight against the coronavirus pandemic.  Read more »

Cuts in reserve requirements 'remain on the table', BSP Diokno says

ABS-CBN News
Updated as of Jun 29 11:18 AM

Cutting the reserve requirement ratio for banks "remains on the table," Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday, following a surprise cut in the benchmark interest rate last June 25.  Read more »

Bangko Sentral gets 'ahead of the game' with surprise rate cut: economist

ABS-CBN News
Posted at Jun 26 09:39 AM

The Bangko Sentral ng Pilipinas' surprise key interest rate cut would ensure that the environment is conducive enough for growth as more lockdown restrictions ease, an economist said Friday. Read more »

Bangko Sentral: Policy moves aim to build credit lines for consumers

ABS-CBN News
Posted at Jun 08 11:11 AM

The Bangko Sentral ng Pilipinas on Monday said it has reduced key interest rates and the reserve requirement ratio for banks to aid firms during the time of the coronavirus pandemic.  Read more »

Bangko Sentral to cut reserve requirement as needed: Diokno

ABS-CBN News
Posted at May 20 05:09 PM

Bangko Sentral ng Pilpinas Governor Benjamin Diokno said Wednesday he was ready to cut banks' reserve requirement further should financial markets need more cash to circulate. Read more »

Bangko Sentral frees up more money, cuts banks' reserve requirement

ABS-CBN News
Posted at Mar 24 12:17 PM

The 200 basis point RRR cut will take effect on March, 30, the BSP said in a statement.  Read more »

Bangko Sentral cuts reserve requirement for banks by another 100 basis points

ABS-CBN News
Posted at Sep 27 06:27 PM

The reserve requirement for universal and commercial banks was trimmed to 15 percent from 16 percent, thrift banks to 5 percent from 6 percent, and rural banks to 3 percent from 4 percent. Read more »

China cuts new loan rate for second month but struggling economy likely needs more

Reuters
Posted at Sep 20 06:05 PM

China cut its new one-year benchmark lending rate for the second month in a row on Friday, a step by the central bank to try to wrestle down borrowing costs and support the economy as the Sino-US trade war drags on. Read more »

BSP has 'live' discussion on reserve requirement cut: deputy gov

ABS-CBN News
Updated as of Aug 13 10:46 AM

Governor Benjamin Diokno signaled bringing the RRR to single-digit level after the Monetary Board cut the overnight borrowing rate used by banks to price loans by 25 basis points last Thursday, said BSP Deputy Governor Francisco Dakila. Read more »

Interest rate cut seen to help 'jumpstart' growth: economist

ABS-CBN News
Posted at Aug 12 10:30 AM

Investors are expecting a 100-basis point cut in the reserve ratio requirement for banks after the BSP cut the benchmark lending rate by 25 basis points, said Security Bank chief economist Robert Dan Roces. Read more »

Startup: RRR, policy rate cuts to benefit Filipino workers

ABS-CBN News
Posted at Jul 16 03:27 PM

Local startup Advance PH, a firm that offers salary advances to employees, says looming cuts in the bank Reserve Requirement Ratio and interest rates will benefit the microfinance and fintech sectors. Read more »

Reserve ratio should be single digit before 2023: Diokno

Reuters
Posted at Apr 29 04:07 PM

Bangko Sentral ng Pilipinas governor Benjamin Diokno said on Monday that the country's reserve requirement ratio (RRR) for banks, currently at 18 percent, should be reduced to a single digit before his term ends in 2023.  Read more »

Easing inflation gives Diokno scope for rate cut: Standard Chartered

ABS-CBN News
Updated as of Mar 15 12:11 PM

A 100-basis point cut in the benchmark borrowing rate and a 200-basis point reduction in the reserve ratio requirement for banks can help spur growth in the economy, said Standard Chartered Asia economist Chidu Narayanan. Read more »

Bangko Sentral 'ripe' for policy easing in first quarter: PNB president

ABS-CBN News
Updated as of Feb 06 10:42 AM

The BSP could cut the overnight borrowing rate by 25 basis points in the first quarter. Slashing the reserve ratio requirement will be a "balancing act," PNB president Wick Veloso told The Briefing on ANC's Market Edge. Read more »