The Bangko Sentral ng Pilipinas (BSP) said reserve ratios for universal and commercial banks will be reduced to 7% effective October 25. — BLOOMBERG

MANILA – Philippine annual inflation was likely to be within a range of 2.2% to 3.0% in February, the central bank said on Friday.

“Going forward, the Monetary Board will continue to take a measured approach in ensuring price stability,” the Bangko Sentral ng Pilipinas said in a statement.

The Philippines’ statistics agency will release inflation data on March 5. — Reuters

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