FOREX TradingCharts.com

Financial News: Philippine Central Bank Lowers Reserve Requirement Ratio

Philippine Central Bank Lowers Reserve Requirement Ratio

09/20/2024 - 08:56:00 (RTTNews)

(RTTNews) - The Philippine central bank lowered the amount of funds that commercial banks should set aside as reserves.

The Bangko Sentral ng Pilipinas decided to cut the reserve requirement ratios by 250 basis points for universal and commercial banks to 7.0 percent. The new ratio will take effect on October 25.

The ratio for digital banks was reduced by 200 basis points and that for thrift banks by 100 basis points.

"As inflation continues to track a target-consistent path over the next two years, the BSP will reassess the need for further reductions in the RRRs to better align them with regional norms over the medium term," the bank said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Index Unexpectedly Decreases In October (06 hr(s), 25 min(s), 07 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed an unexpected deterio ...Full Story»

U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly (06 hr(s), 49 min(s), 07 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

U.S. Producer Prices Unexpectedly Unchanged In September (08 hr(s), 34 min(s), 07 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

India Industrial Output Shrinks 0.1% In August (08 hr(s), 37 min(s), 07 sec(s) ago)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story»

Turkey Retail Sales Growth Strongest In 5 Months (11 hr(s), 31 min(s), 07 sec(s) ago)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story»

Romania Inflation Eases To 4.6%, Lowest In Over 3 Years (12 hr(s), 25 min(s), 07 sec(s) ago)
(RTTNews) - Romania's consumer price inflation moderated further in September to the lowest le ...Full Story»

UK Economy Returns To Growth (12 hr(s), 46 min(s), 07 sec(s) ago)
(RTTNews) - The UK economy returned to growth in August but the pace of expansion was weaker than ...Full Story»

Swiss Consumers Less Pessimistic In September (13 hr(s), 08 min(s), 07 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained less negative in August, survey results from ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Index Unexpectedly Decreases In October

10/11/2024 - 10:46 AM (RTTNews)
(RTTNews) - A report released by the University of Michigan on Friday showed an unexpected deterio ...Full Story>>

U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly

10/11/2024 - 10:22 AM (RTTNews)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story>>

U.S. Producer Prices Unexpectedly Unchanged In September

10/11/2024 - 08:37 AM (RTTNews)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story>>

India Industrial Output Shrinks 0.1% In August

10/11/2024 - 08:34 AM (RTTNews)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story>>

Turkey Retail Sales Growth Strongest In 5 Months

10/11/2024 - 05:40 AM (RTTNews)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.