41.   However, Finance Minister Guillermo Perry has been pressing the central bank to lower reserve requirements for private banks on certificates of deposit.

42.   Hopes of an increase in bank earnings following the drop in the reserve requirement led banks to lower their lending rates.

43.   In a bid to get the economy moving, the government last month lowered reserve requirements for banks and also lowered the reserve requirement on companies borrowing abroad.

44.   In an effort to curb credit growth, which fuels inflation, the central bank last year raised commercial bank reserve requirements and began holding weekly bond auctions.

45.   In February, the central bank governor Gabriel Singson said he opposes proposals to introduce reserve requirements on dollar deposits.

46.   In June, the Bank of Thailand raised the cash reserve requirement on nonresident deposits in an effort to curb loan growth, which is a stimulant to inflation.

47.   In August, the bank held its first bond auction in four years and raised commercial bank reserve requirements.

48.   In September, the government finally scrapped the reserve requirement for foreign investment.

49.   It also marks the second time in six weeks the bank has reduced bank reserve requirements.

50.   Investors expect that Bank Indonesia will increase the minimum reserve requirement in an attempt to make the banking system stronger and limit loan growth.