Regulatory Alerts2025-03-11
Circular No. 1211: Reduction in Reserve Requirements
The Bangko Sentral ng Pilipinas issued Circular No. 1211 to implement a reduction in reserve requirement ratios for banks and non-bank financial institutions with quasi-banking functions. The directive amends the Manual of Regulations for Banks and Non-Bank Financial Institutions to establish new reserve rates for various deposit liabilities, effective for the reserve week starting 28 March 2025. These changes apply to demand, savings, and time deposits as well as deposit substitutes, with specific percentages varying by institution type and currency denomination.
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