During Q4 2023-2024, the monetary policy maintained its focus on stabilizing prices and the exchange rate without hampering economic activity. The BRH continued its strategy of absorbing excess liquidity in the financial system through increased issuance of BRH bonds, while keeping policy rates and reserve requirements unchanged, as detailed in the latest Monetary Policy Note.
Reserve requirements, in place since August 2022, remained stable at 40% and 53% for monetary-creating banks (BCM), and 28.5% and 41.5% for savings and loan
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