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Central bank cuts reserve requirement to boost lending amid Covid-19 pandemic

Central bank cuts reserve requirement to boost lending amid Covid-19 pandemic

Mar 24, 2020 | Business

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno on Tuesday ordered a cut in the reserve requirement (RR) ratio of banks, effective March 30, 2020, to boost lending as the government grapples with the Covid-19 outbreak.

Central bank relaxes interest rates, warns of economic downturn

Central bank relaxes interest rates, warns of economic downturn

Mar 19, 2020 | Business

Warning of an economic downturn, the central bank on Thursday cut its policy rate and relaxed some regulations to help banks and businesses amid the Covid-19 pandemic.


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