By Luisa Maria Jacinta C. Jocson, Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) plans to reduce the reserve requirement ratio (RRR) “substantially” this year, its top official said.
“We’re considering it. We’ve discussed the timing of it. I would say it’s going to happen this year,” BSP Governor Eli M. Remolona, Jr. said in a press chat on Wednesday.
“We will reduce reserve requirements substantially this year and then there may be further reductions by next year,” he added.
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