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Philippine Central Bank Can Reduce Reserve Requirement to 5%: Governor
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May 17, 2024
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8:11Now Playing"We would like to reduce the reserve requirement by quite a bit because I think it's distorting financial intermediation." Philippine central bank Governor Eli Remolona discusses monetary policy, the economy and the local currency. The Bangko Sentral ng Pilipinas on Thursday keep it's key interest rate at a 17-year high for a fifth meeting and said it may lower it by a total of 50 basis points this year as price risks moderate. Remolona speaks on "Bloomberg: The China Show."
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