MANILA -Starting June 30, the reserve requirement ratios (RRRs) imposed on banks will be reduced to coincide with the expiration of alternative modes of compliance with such requirements, according to the Bangko Sentral ng Pilipinas (BSP). The RRR will decrease by 250 basis points (bps) for universal and commercial banks (U/KBs) and non-bank financial institutions with quasi-banking functions (NBQBs); 200 bps for digital banks, and by 100 bps for thrift banks, rural banks, and cooperative banks.

https://business.inquirer.net/404456/bsp-cuts-reserve-requirements-for-banks

#inquirer