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 February 16, 2023, the MPC decided to maintain the reserve requirement rate at 25.5 percent as of March 1, 2023. Accordingly, commercial banks must hold a minimum balance at the CBA equal to 25.5 percent of their clients’ liquid deposits. The decision to maintain the reserve requirement rate unchanged at 25.5 percent was based on the significant drop in the estimate of excess liquidity in January 2023 compared to December 2022. The CBA will continue to monitor the developments of excess liquidity in the coming months and stands ready to again change the reserve requirement rate, if deemed necessary.

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