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.
According to a person familiar with the matter, the Central Bank's committee is looking to ease the rule requiring full daily compliance with reserve maintenance.
The banks will be allowed to meet 95 percent of the daily requirement, down from a current 100 percent.
The adjustment aims to give banks more flexibility in managing their liquidity, though the shift will only be marginal.
A Central Bank spokesman declined to comment on the matter.
Author's summary: Argentina eases bank reserve rules to boost liquidity.