Inquirer
BSP likely not yet finished with RRR cuts
Security Bank Corp. economist Angelo Taningco predicts that the Bangko Sentral ng Pilipinas (BSP) will reduce reserve requirement ratios (RRR) for commercial banks to zero by 2028, coinciding with the end of BSP Governor Eli M. Remolona Jr.'s term.
The Monetary Board recently implemented a 200 basis point cut to RRRs, effective March 28, which was earlier than anticipated.
Taningco anticipates further RRR reductions, with an expected 200 bps cut in 2026, lowering the rate to three percent.
Additional cuts of 150 bps are projected for 2027 and 2028, ultimately bringing the RRR to zero percent within the governor's term.
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