Banks will profit from cuts in reserve requirement ratio

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The story "Banks will profit from cuts in reserve requirement ratio" was covered 18 hours ago by Business Mirror, a news publisher based in Philippines.

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Banks will profit from cuts in reserve requirement ratio - Business Mirror

Quick Summary:

THE reduction in the reserve requirement ratio (RRR) by the Bangko Sentral ng Pilipinas (BSP) will not automatically lead to more lending for Filipinos but higher profitability for banks, according to ANZ Research.

ANZ Research said when RRRs are cut, the excess liquidity does not automatically reach borrowers in the form of more lending.

The central bank aims to bring this down to 5 percent in two years.“Overall, the decision to lower the RRR is a positive development; though, in the short term, credit growth is unlikely to materially accelerate.