THE Bangko Sentral ng Pilipinas (BSP) could start cutting bank reserve requirements (RR) following last month’s policy rate easing, a Metrobank economist said.
“With the BSP in easing mode, we expect RR reductions to be announced shortly after the Fed (US Federal Reserve) policy meeting or perhaps after the Philippines’ September inflation data is released,” Metrobank Research economist Nicholas Antonio Mapa said in a commentary.
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