Argentina to Ease Bank Reserve Rules
Argentina plans to loosen the share of reserve requirements that commercial banks must report daily to boost liquidity and revive lending.
The Central Bank's committee is set to meet on Thursday to discuss the adjustment, which would allow banks to meet 95% of the daily requirement, down from the current 100%.
A person familiar with the matter said the shift would aim to give banks more flexibility in managing their liquidity, though the change will only be marginal.
The underlying reserve ratios vary by deposit and instrument. A Central Bank spokesman declined to comment on the matter.
Author's summary: Argentina eases bank rules to boost liquidity.