Remolona wanted a “substantial” cut in the RRR which, he said, is at a “ridiculously high” level of 9.5 percent. “We haven’t ...

With the RRR lower, the BSP’s incoming easing cycle will likely be faster and more effective in boosting growth as there is more to lend at lower interest rates,” he said. Economists at ...

The RRR refers to the amount of money banks need ... Since most global central banks are on an easing cycle, China could also head down that path in the months ahead, he added.

Demand for credit may also be tepid as households wait for the BSP’s easing cycle to end before taking out loans. Still, a lower RRR will likely strengthen the transmission of monetary policy.