26 March 2020 – Reduced minimus reserve requirements for time deposits

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Banco Central Do Brasil reduced the minimum reserve requirement ratio on time deposits was reduced from 25% to 17%.
Full details here: https://www.bcb.gov.br/en/pressdetail/2321/nota