The Philippine central bank said Friday that it approved three adjustments to reserve requirement policy, including a three percentage point reduction in reserve requirement ratio.
The Bangko Sentral ng Pilipinas (BSP) said the operational changes should not affect banks' lending and deposit rates or their service fees. The adjustments will take effect on April 6.
The central bank unified the existing statutory reserve requirement and liquidity reserve requirement into a single set of reserve requirement. It excluded vault cash for banks as eligible form of reserve requirement compliance. Also, the central bank announced the non-remuneration of banks' reserve deposit with BSP.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.