Philippine central bank cuts banks' reserve requirements, effective from late March
The Philippine central bank on Friday said it was reducing the reserve requirement ratio (RRR) for banks by 200 basis points ...
Philippine Daily Inquirer1h
Record high: Bangko Sentral profit tops P100B
The Bangko Sentral ng Pilipinas (BSP) is set to post a record profit in 2024 after seeing its 11-month earnings grow by nearly five times to breach the P100-billion mark, thanks to fatter interest ...
manilastandard7h
BSP tells banks to accept unfit banknotes, coins
The Bangko Sentral ng Pilipinas (BSP) on Friday reminded banks to accept unfit or mutilated Philippine banknotes and coins ...
manilastandard7h
BSP announces 200 bps cut in big banks’ RRR
The Bangko Sentral ng Pilipinas (BSP) said Friday it will reduce the reserve requirement ratios (RRRs) by 200 basis points ...
PhilStar Global on MSN4h
BSP surprises market by slashing banks’ RRR
The Bangko Sentral ng Pilipinas (BSP) surprised markets yesterday as it announced another major reduction in the amount of ...
Inquirer on MSN1h
Bank reserves ratio going down by 200 bp
The Bangko Sentral ng Pilipinas (BSP) on Friday announced another supersized cut to the reserve requirements of banks, a move that would inject P300 billion additional loanable funds into the domestic ...
The Manila Times on MSN3h
BSP frees up liquidity with reserve ratio cuts
THE Bangko Sentral ng Pilipinas (BSP) on Friday said it would be slashing bank reserve requirements in a bid to boost ...
Rappler11h
Bangko Sentral reduces banks’ reserve requirement ratio to 5%
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 ...
GMA News Online on MSN12h
BSP reminds banks to accept unfit, mutilated currency
The Bangko Sentral ng Pilipinas (BSP) on Friday issued a reminder to all banks to accept unfit or mutilated Philippine ...
BusinessMirror6h
All banks must accept torn, stained bills, exchange them for free–BSP
ALL banks must accept torn, stained or corroded peso bills and coins from the public, and should be exchanged for free, the Bangko Sentral ng Pilipinas (BSP) said on Friday. In a public advisory, the ...
GMA Network on MSN10h
BSP cuts further banks’ reserve requirements
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.