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 March 24, 2023, the MPC decided to retain the reserve requirement rate at 25.5 percent as of April 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 primarily on the decrease in the estimated excess liquidity in February 2023 compared to December 2022. The CBA will continue to monitor the excess liquidity developments in the coming months and stands ready to change the reserve requirement rate, if deemed necessary.

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