27 March 2020 – Reduced the reserve requirement ratio on certain assets

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 reserve requirement ratio on time deposits and increased the amount of reserve requirements that is considered as High Quality Liquid Assets (HQLA) in the Liquidity Coverage Ratio (LCR).
Full details here: https://www.bcb.gov.br/en/pressdetail/2322/nota