The reduction will bring the reserve requirement for universal and commercial banks down to 5% and will take effect in the ...

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 issued a reminder to all banks to accept unfit or mutilated Philippine ...

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 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' Monetary Board wants to monitor the impact of global policies on the local economy before ...

AS online fraud reaches unprecedented levels, Filipinos are reminded to stay vigilant and strengthen their digital security—a ...

THE Bangko Sentral ng Pilipinas (BSP) reminds all banks to accept and process unfit or mutilated Philippine banknotes and coins from the public. Banks are requi ...

The Philippines’ balance of payments (BOP) incurred a $4.1-billion deficit in January 2025, significantly larger than the ...

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