The Philippine central bank is reducing lenders’ reserve requirement ratio at the end of the month, Governor Felipe Medalla said, as he signaled the policy rate will remain unchanged.
Bangko Sentral ng Pilipinas will trim reserve requirement of big banks by 250 basis points to 9.5%, effective June 30, it said in a statement Thursday. The ratio for digital banks will be reduced by 200 basis points to 6% while that for thrift banks will be cut by 100 basis points to 2%, it said.
