Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said the reserve requirement ratio (RRR) of big banks could still be cut down to single-digit by the end of his term in July, should inflation be expected to fall within the target range by then.
Bangko Sentral ng Pilipinas Governor Felipe Medalla said thereserve requirement ration of big banks could still be cut down to single-digit by the end of his term in July, should inflation be expected to fall within the target range by then.— a target which was previously set by his predecessor former Governor and now Finance Secretary Benjamin Diokno — could still be realized by the end of his term in July 2023.
[If the scenario I’m talking about happens that we have already reached, it is already clear that the direction of inflation reaches below 4 , we may actually cut it before the end of June. Cutting it near the end of the first semester of the next year is still a possibility.]
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