NEWLY-appointed Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Wednesday wants to accelerate the reduction of banks' reserve requirement ratio (RRR) following the lowering of inflation rate, which was expected to settle within government's target range of 2 percent to 4 percent this year.

Speaking to reporters at his weekly “Breakfast with Ben,” Diokno vowed to continue the policies initiated by his predecessor, the late BSP governor Nestor Espenilla Jr., including the reduction of the banks' RRR to a single-digit level.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details