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 August 17, 2022, the MPC decided to keep the reserve requirement at 24.0 percent as of September 1, 2022. Accordingly, commercial banks must hold a minimum balance at the CBA equal to 24.0 percent of their clients’ short-term deposits. The decision to maintain the reserve requirement at 24.0 percent was based on the continued downward trend in the commercial banks’ excess liquidity, as well as an adequate level of official and international reserves. 

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