MANILA, Oct 24 (Reuters) - Philippines central bank Governor
Benjamin Diokno announced on Thursday another 100 basis point
cut in banks' reserve requirement ratio that will take effect in
December.
The latest cut follows a 100 bps reduction announced in
September to take effect in November and a 200 phased RRR cut
from May to July.
Diokno has repeatedly said the RRR ratio will be at a single
digit level by the time he ends his term as governor in 2023.