The Philippine central bank slashed the reserve requirement ratio by 200 bps to 12 percent on March 24th 2020, as policymakers sought to calm investors amid the COVID-19 global pandemic, while encouraging banks to continue lending to both retail and corporate sectors. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement that the cut will take effect on March 30th.
Cash Reserve Ratio in Philippines averaged 19.14 percent from 1986 until 2020, reaching an all time high of 25 percent in December of 1990 and a record low of 12 percent in July of 1999. This page provides - Philippines Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Cash Reserve Ratio - values, historical data and charts - was last updated on September of 2020. source: Bangko Sentral ng Pilipinas
Cash Reserve Ratio in Philippines is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in Philippines to stand at 12.00 in 12 months time. In the long-term, the Philippines Cash Reserve Ratio is projected to trend around 12.00 percent in 2021 and 13.00 percent in 2022, according to our econometric models.