rate cuts – Thinking Port

Diokno: 50 bps rate cut, slow RRR reduction next year

December 18, 2019 admin bangko sentral ng pilipinas, Benjamin Diokno, BSP, central bank, interest rates, rate cuts, reserve requirement ratio, rrr, Top Business, top business news

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 18 Dec 2019 15:00:40 +0000

The central bank is likely to cut interest rates by at least 50 basis points next year, but will take it slow in terms of reducing banks’ reserve requirement ratio (RRR), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. “For policy cuts, at least 50 basis points (bps). We’re observing what the other central […]