MANILA, Sept 27 (Reuters) - The Philippine central bank is
set to announce on Friday a 100 basis points reduction in banks'
reserve requirement ratio, according to a central bank document
seen by Reuters.
The 100 bps cut, which will bring the ratio to 15%, will
take effect in November, the document showed.
Bangko Sentral ng Pilipinas Governor Benjamin Diokno has
said the RRR ratio will be at a single digit level by the time
he ends his term as governor in 2023.