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.
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