Philippines Cash Reserve Ratio  1986-2018 | Data | Chart | Calendar

The central bank of the Philippines lowered its cash reserve ratio by 100bps to 18 percent on May 24th 2018, following a similar move in February. The reduction will take effect on June 1st 2018 and will apply to those reservable liabilities of all banks and non-bank financial institutions with quasi-banking functions. Policymakers said the adjustment is part of the central bank shift toward a more market-based implementation of monetary policy that aims to gradually reduce the bank's reliance on reserve requirements for managing liquidity in the financial system. The cut is expected to add near 100 billion pesos in liquidity to the financial system. Cash Reserve Ratio in Philippines averaged 19.32 percent from 1986 until 2018, reaching an all time high of 25 percent in December of 1990 and a record low of 12 percent in July of 1999.

Philippines Cash Reserve Ratio
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Philippines Money Last Previous Highest Lowest Unit
Interest Rate 3.25 3.00 56.60 3.00 percent [+]
Interbank Rate 3.34 3.34 102.63 0.00 percent [+]
Money Supply M0 1053827.34 1052546.22 1063042.66 1918.00 PHP Million [+]
Money Supply M1 3721313.90 3656396.95 3721313.90 14600.00 PHP Million [+]
Money Supply M2 10460449.95 10484059.17 10484059.17 44456.00 PHP Million [+]
Money Supply M3 10900073.60 10918724.99 10918724.99 56544.00 PHP Million [+]
Foreign Exchange Reserves 78970.00 79608.80 86139.11 44.07 USD Million [+]
Banks Balance Sheet 1117.20 1142.80 1189.10 459.52 PHP Billion [+]
Deposit Interest Rate 2.75 2.50 2.75 2.50 percent [+]
Lending Rate 3.75 3.50 45.00 3.50 percent [+]
Loans To Banks 260425.10 217671.11 320071.10 132599.00 PHP Million [+]
Loans To Private Sector 6598468.39 6468810.94 6598468.39 3584899.00 PHP Million [+]
Cash Reserve Ratio 18.00 19.00 25.00 12.00 percent [+]
Central Bank Balance Sheet 4601.30 4728.60 4760.70 479.78 PHP Billion [+]


Philippines Cash Reserve Ratio

Cash Reserve Ratio is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. This page provides - Philippines Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Cash Reserve Ratio - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18.00 19.00 25.00 12.00 1986 - 2018 percent Monthly




cash reserve ratio by Country
Country Last
Brazil 25.00 May/18
China 16.00 Jun/18
India 4.00 Jun/18
Indonesia 6.50 Mar/18
Russia 7.00 Apr/18
Turkey 12.00 Apr/18


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