The Bangko Sentral ng Pilipinas (BSP) has left no stone unturned in its attempt to provide stimulus. The cumulative cut in the RRP so far this year reach 125bp, per ANZ Bank. USD/PHP is trading at 50.8405. Key quotes “In an unscheduled meeting today, the BSP cut its overnight reverse repurchase rate (RRP) by 50bps to 2.75%.” “We cannot rule out additional easing. At the very least, another 200bps cut in the reserve requirement ratio is forthcoming, in our view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/DKK: Use of foreign currency issuance to have significant implications – Danske Bank FX Street 2 years The Bangko Sentral ng Pilipinas (BSP) has left no stone unturned in its attempt to provide stimulus. The cumulative cut in the RRP so far this year reach 125bp, per ANZ Bank. USD/PHP is trading at 50.8405. Key quotes “In an unscheduled meeting today, the BSP cut its overnight reverse repurchase rate (RRP) by 50bps to 2.75%.” “We cannot rule out additional easing. At the very least, another 200bps cut in the reserve requirement ratio is forthcoming, in our view.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
