CNB increases minimum reserve requirement

At its meeting on 10 October 2024, the Bank Board decided to change the minimum reserve requirement. The current rate of 2% is to increase to 4% of the reserve base, except for repo liabilities. This applies to banks, foreign bank branches and credit unions. The new rate becomes effective on 2 January 2025, i.e. on the first day of the new reserve maintenance cycle. The CNB took this step to lower the cost of implementing monetary policy while preserving its effectiveness.

Jakub Holas
Director of the CNB Communications Division