In line with the Monetary Policy Committee’s (MPC) task to evaluate, determine, and provide transparency on the monetary policy actions of the Central Bank of Aruba (CBA), the CBA communicates the following. During its meeting on August 15, 2024, the MPC decided to reduce the reserve requirement rate from 19.5 percent to 18.5 percent as of September 1, 2024. Accordingly, commercial banks must hold a minimum balance at the CBA equal to 18.5 percent of their clients’ liquid deposits. The decision to lower the reserve requirement rate was based mainly on the adequacy of the reserves according to the benchmarks monitored by the CBA. Furthermore, the pace of credit growth (excluding incidentals) was moderate, and inflation is well below the levels of 2022 and 2023. 

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