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Investing.com -- Argentina plans to slightly loosen the share of reserve requirements that commercial banks must report daily, aiming to increase liquidity and revive lending in the country’s financial system.
According to a Bloomberg report on Thursday, the central bank’s committee, which is meeting Thursday, is considering easing rules that currently require full daily compliance with reserve maintenance. Under the proposed change, banks would need to meet 95% of the daily requirement, down from the current 100%.
The underlying reserve ratios, which vary by deposit and instrument, would remain unchanged. This adjustment represents a modest step toward providing more liquidity to Argentina’s banking system.
The move is part of Argentina’s broader strategy to gradually improve liquidity conditions and stimulate lending activity in the country’s economy, the report added.
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