Bankers laud BSP’s move to trim RRR 0 SHARES Share it! Bankers Association of the Philippines (BAP) president, Cezar P. Consing, said the two percent cut in RRR from 18 percent to 16 percent will strengthen the industry. “Very few seem to realize that prematurely lowering the RRR could exacerbate monetary conditions and hurt growth even more,” Guinigundo said previously. He said no one could guarantee that the liquidity to be released by an RRR cut would be used to fund economic growth. Guinigundo has also been saying that the tightness in the system or liquidity pressures are only transitory conditions.

Source: Manila Bulletin May 17, 2019 14:03 UTC