Remolona says no RRR for banks possible

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said it is possible to eliminate the reserve requirement ratio (RRR) for banks within his term, a move that would create an easy liquidity condition for the economy. “Pwede (It’s possible),” Remolona told reporters on Monday when asked about the chances of bringing the RRR of
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