All Things Newz
Business

Philippine cbank to delay further cut in banks’ reserve ratio – Bloomberg News


Article content

The Philippine central bank will postpone a plan to further reduce banks’ reserve requirement ratio by the end of the year, Governor Felipe Medalla told Bloomberg News on Friday.

“We don’t want to confuse the market” as Bangko Sentral ng Pilipinas (BSP) is still in a tightening cycle, Bloomberg quoted Medalla as saying. https://bloom.bg/3AxaD5R

BSP raised its benchmark interest rates by half a percentage point on Thursday, and kept the door open for further hikes to bring inflation back within its target range. (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Muralikumar Anantharaman)



Source link

Related posts

Fixed vs variable mortgages: pros and cons as interest rates rise

Horace Hayward

Swedish election too close to call, PM says

Horace Hayward

GE says Aerospace brand marks ‘wider strategic aperture’

Horace Hayward