On Feb. 21, PHI CB reduced reserve requirement ratios for various FIs.
PHI CB announced a reduction in reserve requirement ratios (RRRs) for various FIs.
New RRR
Universal and commercial banks (U/KBs) and non-bank financial institutions with quasi-banking functions (NBQBs) will see decrease of 200 bps, bringing RRR to 5.0%.
Digital banks will have their RRR reduced by 150 bps to 2.5%, while thrift banks (also referred to as TBs) will experience a 100 bps reduction, bringing their RRR to 0.0%.
Effectiveness
These new ratios will take effect on the reserve week beginning Mar. 28, 2025, covering local currency deposits and deposit substitute liabilities of banks and NBQBs.
