Monetary Policy October 2020

International reserves remain adequate and cover 10 months of current account payments

 

After reviewing the most recent economic and monetary data, the Monetary Policy Committee (MPC)

of the Centrale Bank van Aruba (CBA) decided to keep the reserve requirement at 7.0 percent. The

reserve requirement refers to the minimum amount of reserves that commercial banks must hold at

the CBA and is equal to 7.0 percent of their liabilities with maturity less than 2 years. The following

information and analysis were considered in reaching this decision.

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