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× Bangko Sentral: Small banks’ MLR slashed to 16%

The country’s Monetary authorities gave small banks more regulatory relief to help them cope with the impact of the coronavirus disease 2019 (Covid-19) pandemic on their businesses.
In a memorandum on Wednesday, Bangko Sentral ng Pilipinas (BSP) Benjamin Diokno announced that the central bank’s policymaking Monetary Board trimmed the minimum liquidity ratio (MLR) for standalone thrift, rural and…