Solomon Islands central bank cuts reserve requirements

safe-deposit-bank-1-compressed

The Central Bank of the Solomon Islands has lowered its cash reserve requirements from 7.5% to 5%, as part of its response to Covid-19.

The CRR mandates the level of reserves banks need to hold at the central bank as a share of customer deposits.

The reduction of the ratio, the central bank says in a statement, will support the banking sector and ensure additional liquidity is provided. The changes come into effect today (June 15).

“Notwithstanding this policy development, other supervisory

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: