In line with the Monetary Policy Committee’s (MPC) task to evaluate, determine, and provide transparency on the monetary policy actions of the Central Bank of Aruba (CBA), the CBA communicates the following. During its meeting on July 20, 2022, the MPC decided to keep the reserve requirement at 24.0 percent as of August 1, 2022. Accordingly, commercial banks must hold a minimum balance at the CBA equal to 24.0 percent of their clients’ short-term deposits. This decision was mainly taken due to the drop and expected continuation in the downward trend in the excess liquidity of the commercial banks.

Read the complete press releases in Papiamento, Dutch and English.