Moscow: Due to changes in the laws of the Russian Federation providing for the possibility to set different mandatory reserve requirements (required reserve ratios
, required reserve averaging ratio) for different types of credit institutions (banks holding a general licence, banks holding a basic licence, non-bank credit institutions), the Bank of Russia Board of Directors decided to set the following mandatory reserve requirements for banks holding a basic licence effective from 1 December 2017.
The higher reserve ratios
will limit usage of deposits and hence will put a lid in money supply, which may suggest interest rate hikes on the horizon by the end of the year," the research note said.
China's central bank has said that it is in no hurry to cut bank reserve ratios
YENy DELHy (CyHAN)- India's central bank, the Reserve Bank of India (RBI), decided on Tuesday to keep its key policy rates and the reserve ratios
unchanged, RBI Governor Raghuram Rajan said.
India's central bank on Tuesday kept its key policy rates and the reserve ratios
unchanged in line with the predictions, while awaiting more robust data on inflation and action from commercial banks to soften their cost of credit to alter its stance.
Moreover, the bank has reduced the required reserve ratios
for foreign-exchange deposits by 0.
Global Banking News-February 23, 2011--Central bank of China makes dynamically differentiated required reserve ratios
more transparent(C)2011 ENPublishing - http://www.
The central bank cut interest rates to make yields less attractive to hot money inflows and raised required reserve ratios
to drain excess liquidity and curb credit growth.
Interestingly, those states that issued bonds in previous recessions did not have lower reserve ratios
going into the 2001 recession.
Regulation D (RegD) reserve on Eurodollar (E$) deposits in New York acts as a tariff on "imported" dollars, even though the reserve ratios
are the same on both the E$ deposits and domestic deposits of the same maturity.
Canada, France, Germany, Italy, Japan, United Kingdom, and United States) have reduced their reserve ratios
as well as simplifying reserve ratio
trenches over the past decade in an attempt to lighten the burden they placed on banks.
He said with export growth expecting to further drop in the third quarter, there was a need to cut the reserve ratios
to make funds more easily available for local firms.