Tag: Banking System
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Philippine Central Bank Slashes Reserve Requirements to Boost Economic Growth
The Bangko Sentral ng Pilipinas (BSP) has announced a significant reduction in the reserve requirement ratio (RRR) for various financial institutions, effective from March 28, 2025. This move is aimed at enhancing the flow of funds into more productive sectors of the economy. Universal and commercial banks, along with non-bank financial institutions with quasi-banking functions…
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