BSP mulls possibility of having more rate cuts this year
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NewsTranscript
00:00Banko Sentral ng Pilipinas or BSP Governor Eli Romolona Jr. confirmed multiple rate cuts
00:06are expected this year with the reduction on the table next month.
00:11While the monetary board remains in an easing cycle, the exact timing will depend on inflation
00:17and economic data.
00:19The BSP will lower the Reserve Requirement Ratio or RRR for the universal and commercial
00:25banks by 200 basis points to 5% effective March 28 of this year.