MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has cut reserve requirements on a range of bank-issued instruments, freeing up more funds for investment and potentially boosting activity in the domestic capital market. Under Circular No. 1229 dated Feb. 11, the central bank reduced the reserve ratio on bonds issued by universal, commercial and digital banks to 2 percent from 3 percent, effective the reserve week starting Feb. 27. READ: BSP signals monetary easing cycle to end soon The BSP also eliminated the 6 percent reserve requirement on bonds, mortgage bonds and chattel mortgage certificates issued by thrift banks. In […]... Keep on reading: BSP cuts reserves on bank bonds, other instruments