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CZECHIA: CNB Raises Minimum Reserve Requirement to 4% from 2%

CZECHIA
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia
  • The Czech National Bank Board decided to change the minimum reserve requirement from the current rate of 2% to 4% of the reserve base, except for repo liabilities. The new rate becomes effective on 2 January 2025.
  • "The CNB took this step to lower the cost of implementing monetary policy while preserving its effectiveness," it said in a statement.
  • The full press release can be found here.
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  • The Czech National Bank Board decided to change the minimum reserve requirement from the current rate of 2% to 4% of the reserve base, except for repo liabilities. The new rate becomes effective on 2 January 2025.
  • "The CNB took this step to lower the cost of implementing monetary policy while preserving its effectiveness," it said in a statement.
  • The full press release can be found here.