The Board of the BCRA has decided today to remove the quarterly calculation of banks’ minimum reserve requirements for the December-February period, setting a monthly calculation, as done for the rest of the year.
This measure aims at having a stricter control of the financial system’s liquidity levels in line with the tight monetary policy implemented by the BCRA to deepen the disinflation process.
This change will prevent sudden movements in liquidity levels during the months concerned, providing a greater balance for the objectives of the monetary program.
The quarterly calculation of banks’ minimum reserve requirements for the December-February period was effective since 2005.
It should be noted that the decision adopted will not modify, in any case, the level of minimum reserve requirements currently in effect.
