Benise Balaoing

The facade of the Bangko Sentral ng Pilipinas, adorned with a new logo featuring a gold-colored, full-bodied Philippine eagle with wings spread upward and stars positioned above,  at the Bangko Sentral Headquarters in Quezon City on February 9, 2024.Maria Tan, ABS-CBN News

Article (news)

Bangko Sentral ng Pilipinas

ABS-CBN News

<div><script data-wid="auto" type="text/javascript" src="https://content.viralize.tv/display/?zid=AAEyze-tm4MR6kEa&amp;cid=ABTm0C1kuE2mLneV&amp;activation=click&amp;vip_mode=playing&amp;vip_position=bottom-right"></script></div><p>MANILA -- The Bangko Sentral ng Pilipinas (BSP) is eyeing more cuts to the reserve requirement ratio (RRR) this year, said Governor Eli Remolona.</p><p>In an interview with ANC&#x27;s Business Outlook, Remolona said the Philippines&#x27; current RRR--7 percent--is &quot;still too high.&quot;</p><p>&quot;We still have the one of the highest reserve requirement ratios in the region,&quot; he noted.</p><p>Asked where he wants the RRR to be by the end of his term, Remolona said, &quot;Oh, maybe 5 percent? Before, well before the end of my term.&quot;</p><p>Asked if he sees this happening next year, the central bank chief said, &quot;Possibly, yeah, possibly this year.&quot;</p><p>The BSP cut the RRR in October last year, releasing more than P300 billion into the banking system so that banks can lend more. </p><p>More money for loans means lower intermediation costs and better prices for financial services.</p><p>The RRR sets the amount of funds that banks must hold against their deposit liabilities.</p><div><a href="https://www.abs-cbn.com/news/business/2024/12/19/bsp-cuts-interest-rates-by-25-bps-1506" rel="noopener noreferrer" target="_blank">Bangko Sentral cuts interest rates by 25 basis points</a></div><div><a href="https://www.abs-cbn.com/news/business/2025/1/9/ph-may-see-fewer-interest-rate-cuts-in-2025-fitch-unit-1247" rel="noopener noreferrer" target="_blank">PH may see fewer interest rate cuts in 2025: Fitch unit</a></div><div><a href="https://www.abs-cbn.com/news/business/2025/1/10/bank-lending-domestic-liquidity-grow-in-november-as-rates-ease-1541" rel="noopener noreferrer" target="_blank">Bank lending, domestic liquidity grow in November as rates ease</a></div><div><a href="https://www.abs-cbn.com/news/business/2025/1/21/world-bank-unit-invests-130-m-in-asialink-to-boost-msme-lending-in-ph-1646" rel="noopener noreferrer" target="_blank">World Bank unit invests $130-M in Asialink to boost MSME lending in PH</a></div><p>--ANC, 27 January 2025</p>

<p>The Bangko Sentral ng Pilipinas (BSP) is eyeing more cuts to the reserve requirement ratio (RRR) this year.</p>

The Bangko Sentral ng Pilipinas (BSP) is eyeing more cuts to the reserve requirement ratio (RRR) this year.

BSP may bring down reserve requirement ratio to 5 percent this year: Remolona

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BSP may bring down reserve requirement ratio to 5 percent this year: Remolona

Benise Balaoing,

ABS-CBN News

Published January 28, 2025 12:32 PM PHT

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