RRR cut lifts PSEi to 5,000 level

Credit to Author: Faye Almazan| Date: Wed, 25 Mar 2020 17:56:57 +0000

The stock market broke through the 5,000 territory on Wednesday as the Bangko Sentral ng Pilipinas’ (BSP) announcement of a considerable reduction in banks’ reserve requirement ratio (RRR) continues to buoy investors. The benchmark Philippine Stock Exchange Index (PSEi) soared by 5.31 percent or 253.49 points to close at 5,027.76, while the wider All Shares […]

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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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