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Brazil central bank fine-tunes reserve requirement rules
November 8, 2012 / 10:46 AM / 5 years ago

Brazil central bank fine-tunes reserve requirement rules

SAO PAULO, Nov 8 (Reuters) - Brazil’s central bank changed rules for the calculation of reserve requirements on certain types of deposits on Thursday, in a bid to adapt regulation to new conditions in the local financial industry.

Policymakers increased the base of reference capital upon which the nation’s commercial banks calculate reserve requirements on term deposits to 3.5 billion reais ($1.7 billion) from 2.5 billion, according to a statement in the central bank’s Sisbacen regulatory newswire.

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