The Philippine central bank on Friday said it was reducing the reserve requirement ratio (RRR) for banks by 200 basis points ...

The Bangko Sentral ng Pilipinas (BSP) surprised markets yesterday as it announced another major reduction in the amount of ...

THE Bangko Sentral ng Pilipinas (BSP) on Friday said it would be slashing bank reserve requirements in a bid to boost ...

The RRR is often slashed when central banks want to stimulate more economic activity, as it allows banks to have more funds available for lending ...

The Bangko Sentral ng Pilipinas (BSP) on Friday announced another jumbo reduction to bank reserve requirements, a move that would help create easier liquidity conditions in ...

The Bangko Sentral ng Pilipinas (BSP) on Friday issued a reminder to all banks to accept unfit or mutilated Philippine ...

ALL banks must accept torn, stained or corroded peso bills and coins from the public, and should be exchanged for free, the Bangko Sentral ng Pilipinas (BSP) said on Friday. In a public advisory, the ...

The Bangko Sentral ng Pilipinas (BSP) on Friday announced the reduction in banks’ reserve requirement ratios (RRR) as part of its efforts to lower the cost of financial transactions in the country.

BANKS’ reserve requirement ratio (RRR) will be further reduced, the Bangko Sentral ng Pilipinas (BSP) said.In a statement Friday, Feb. 21, 2025, the central ban ...

The Bangko Sentral ng Pilipinas (BSP) reminds all banks to accept unfit or mutilated Philippine banknotes and coins from the public. Unfit currency should be exchanged—free of charge—for fit or clean ...

The balance of payments deficit reflects a drop in the government's foreign currency deposits to pay off its external debt ...