Philippines cbank sees likely cut in banks' reserve requirement in H1

MANILA (Reuters) - The Philippines' central bank governor said on Thursday the likelihood of cutting reserve requirements for banks in the first half of year is quite high.

The reserve requirement ratio for banks, which stood at 12%, will be reduced when the central bank is no longer under pressure to raise benchmark rates, Bangko Sentral ng Pilipinas Governor Felipe Medalla told ANC news channel.

(Reporting by Neil Jerome Morales; Editing by Ed Davies)