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