MANILA, Sept 27 (Reuters) - The Philippine central bank
announced a 100 basis points cut in the banks' reserve
requirement ratio on Friday, in line with its medium-term plan
to bring it to a single digit level.
The cut, which follows a 200 bps phased reduction from May
to July, will take effect in November, the Bangko Sentral ng
Pilipinas (BSP) said in a statement, confirming earlier
reporting by Reuters.