March 25, 2020 / 4:26 PM / in 11 days

Iceland central bank lowers banks' reserve requirements

COPENHAGEN, March 25 (Reuters) - Iceland central bank said on Wednesday it had lowered banks’ average reserve maintenance requirement from 1% to 0% and that it would keep the fixed reserve requirement unchanged at 1%.

The measures would help “ease the banks’ liquidity position and give them greater scope to respond to changed conditions in the domestic economy,” the central bank said in minutes of a Monetary Policy Committee meeting held on March 9 and March 10. (Reporting by Jacob Gronholt-Pedersen; Editing by Edmund Blair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below