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 October 12, 2022, the MPC decided to keep the reserve requirement at 24.0 percent as of November 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 mainly on the downward trend in the commercial banks’ excess liquidity, as well as the persisting adequate level of foreign exchange reserves.

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