THE central bank has resumed reducing banks’ reserve requirement ratio (RRR) on Thursday, with monetary authorities ordering a 200-basis-points (bps) cut on the 18-percent liquidity-mopping tool.

“The Monetary Board decided today (Thursday) to reduce the RRR by 200 bps — from 18 percent to 16 percent to be implemented in three stages...” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno announced in a message to reporters.