The latest move was the 50-basis-point reduction on June 25, which brought the policy rate to 2.25 percent, making the cumulative rate cuts this year to 175 basis points.
Aside from cutting the policy rate, we also reduced the reserve requirement ratio, temporarily suspended term deposit facility auctions for certain tenors, and temporarily reduced the volume 3/7  BIS central bankers' speeches  offering for the daily overnight reverse repurchase facility to encourage banks to lend more. The second category is the implementation of extraordinary liquidity measures that will complement government programs.