Brazil to exclude emergency facilities from cash reserve ratios

December 16, 2015 11:18 AM

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BRASILIA Dec 16 Brazil's central bank loosened reserve requirement rules for banks in need of financial assistance, excluding emergency liquidity facilities from the calculation of reserve ratios, the bank said in a statement on Wednesday.

The central bank will also allow financial institutions to deduct up to 70 million reais ($17.94 million) in cash deposits from the calculation of their reserve requirements, up from 44 million reais previously.

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