Those who wait on the Lord shall renew their strength. - Isaiah 40:31

The Bangko Sentral ng Pilipinas has more room to cut interest rates by 25 basis points at its meeting next month after the US Federal Reserve lowered its policy rates by half a percentage point.

The Bangko Sentral ng Pilipinas is eyeing to make further refinements to its securities facilities as part of continued efforts to deepen market liquidity and improve the transmission of monetary policy.

The Bangko Sentral ng Pilipinas will significantly lower banks’ reserve requirements before the end of the year and further cuts in 2025, which will infuse additional liquidity into the financial system, according to BSP Governor Eli Remolona.

The Bangko Sentral ng Pilipinas is looking to amend the guidelines on the selection of external auditors for banks and financial institutions to enhance corporate governance.

The Bangko Sentral ng Pilipinas is expected to cut the amount of deposit banks are required to keep in their vault before the year ends after the central bank started lowering interest interest rates, according to Metropolitan Bank & Trust Co..