BSP slashes banks’ RRR by 200 bps

By Jordeene B. Lagare

Mar 25, 2020 12:25 am

This March 13, 2020 photo shows a couple posing for a selfie near the logo of the Bangko Sentral ng Pilipinas at its headquarters in Manila. (Photo by Rene H. Dilan)

The Bangko Sentral ng Pilipinas (BSP) on Tuesday trimmed banks’ reserve requirement ratio (RRR) by 200 basis points (bps) to calm financial markets and bolster liquidity while Luzon is under a 30-day “enhanced community quarantine” to contain the spread of the coronavirus disease 2019 (Covid-19) in the country.

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