Friday 22 September 2017
Contact US    |    Archive
inquirer
4 months ago

Cut in banks’ reserve requirement unlikely

The Bangko Sentral ng Pilipinas (BSP) would unlikely cut banks reserve requirement in the near term with inflation expected to peak by August, Deputy Governor Diwa C. Guinigundo said on Monday. Part of the reason for putting up the IRC (interest rate corridor) is to help reduce the reserve requirement. All things being equal, yes, we will do it. But today, what are the facts? The inflation rate is now doing 3.4 percent and 3 percent for 2017 and 2018, respectively. In fact, by August of this year, we exp

Read on the original site


Hashtags:   

Cut

 | 

banks

 | 

reserve

 | 

requirement

 | 

unlikely

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Categories - Countries
Philippines