• Bangko Sentral ng Pilipinas Governor Felipe Medalla expects to cut banks’ reserve requirement in the first half or when there’s no more pressure to increase interest rate.
  • “The likelihood that it will happen in the first semester is quite high,” Medalla told ABS-CBN News Channel, when asked when the reserve cut will happen
  • “We don’t think it’s healthy to have 12% reserve requirement,” he says
  • “But it’s hard to be raising policy rate and cutting reserve requirement ratio at the same time. We don’t want to confuse the market”