As such, I look forward to this competition where the final 20 teams will apply their holistic competence in crafting their answers.
First were measures to boost market confidence, such as cuts in the policy rate and the reserve requirement. The lower policy rate was meant to influence banks to slash their own lending rates, thereby promoting credit-taking activities. Meanwhile, lower reserve requirements increased the volume of loanable funds. Second were extraordinary liquidity measures to the National Government (NG) to help fund the pandemic-response measures.