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Central Bank might raise reserve ratio

Central Bank might raise reserve ratio

The Central Bank is likely to increase the reserve ratio for domestic banks by between 0.5 percent and 1 percent at a meeting of its board today to further absorb excess liquidity in local financial markets, analysts said yesterday.
They also predicted that the central bank will keep the discount rate unchanged at 1.25 percent, given the gradual pace of economic recovery and the absence of inflationary pressure.
The reserve ratio is currently 9.775 percent for passbook deposits and 5 percent for time deposits. They were last adjusted in September 2008.


Updated : 2021-10-20 23:54 GMT+08:00