Higher reserve rule from Mexico's central bank

MEXICO - From 26 September Mexico's commercial banks must keep at least 150bn pesos (US$15.2bn) in deposits at the country's central bank, up from the current 95bn-peso requirement.

The move could reduce future earnings at large banks, according to a report from Mexican daily La Reforma.

The central bank is said to have raised the deposit requirement level in order to improve its ability to control inflationary pressures. The bank is expecting the amount of pesos in the economy to increase this

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