HSBC anticipates P360.1 billion surge in financial system as BSP lowers RRR

British Bank HSBC expects the Bangko Sentral ng Pilipinas (BSP) to absorb approximately P360.1 billion in fresh funds that will enter the financial system by the end of June.

This follows the BSP’s decision to lower the reserve requirement ratios (RRR) for both banks and non-banks.

HSBC economist Aris Dacanay said the larger-than-anticipated 250 basis points (bps) reduction in the reserve requirement ratio (RRR) for major banks will lead to a substantial influx of liquidity.

Dacanay also emphasized that this liquidity surge will coincide with the expiration of a relief measure implemented by the Bangko Sentral ng Pilipinas on June 30, aligning perfectly with the planned reduction in the reserves ratio.

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