The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.
March 19, 2020The move follows RRR cuts for large banks, as the BSP looks to mitigate lowering price expectations and inflation.
May 25, 2019The PBOC will boost oversight mechanisms, improve checks and impose penalties to prevent financial institutions' reserves at the central bank from falling below statutory requirements.
December 24, 2018