7 months RRR cut timing needs careful review – Diokno MB |Biz
By Chino S. Leyco Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said setting the timing in both policy rate and banks’ reserve ratio adjustments requires cautious review and should not be rushed. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg) “We are carefully considering when to resume the reductions in reserve requirement ratios (RRR), which would facilitate our shift towards our auction-based facilities for liquidity management,” Diokno said in a speech he delivered during the General Membership Meeting of FINEX and the Management Association of the Philippines. Diokno also said that the BSP is currently reviewing ... more