7 months Diokno: Policy rate, RRR cuts ‘inevitable’ Manilatimes |Biz
REDUCTIONS in policy rates and in banks’ reserve requirements are inevitable and will happen this year, according to the Bangko Sentral ng Pilipinas (BSP).
BSP Governor Benjamin Diokno“Those two things are really inevitable,” BSP Governor Benjamin Diokno told members of the Financial Executives Institute of the Philippines (Finex) and the Management Association of the Philippines (MAP) during their joint general membership meeting in Makati City on Monday after he was asked on the timing of monetary policy easing and the expected cuts on the reserve requirement ratio (RRR) of banks. “We came from a year [when] we increased interest ... more