This April 26, 2020 file photo shows the logo and acronym of the Bangko Sentral ng Pilipinas on Roxas Boulevard, Malate, Manila. PHOTO BY ENRIQUE AGCAOILI
The Bangko Sentral ng Pilipinas (BSP) further trimmed the reserve requirement ratio (RRR) of thrift, rural and cooperative banks after monetary authorities approved a 100-basis-point (bps) cut on the liquidity-mopping tool.