the philippine central bank will cut its reserve requirement ratio effective june 30 in a bid to ensure stable domestic liquidity and credit conditions it said thursday the bangko sentral ng pilipinas said that it will reduce the reserve requirement ratio by 25 percentage points to 95 for universal and commercial banks and nonbank financial institutions with quasibanking functions the central bank said that the lowering of reserve requirements doesnt represent any shift in its monetarypolicy settings in may the central bank kept its policy rate unchanged at 625 as domestic inflation had slowed the monetary board is scheduled to meet on june 22