Brazil jacks reserve ratio up by 200 bps
The Central Bank of Brazil on Wednesday hiked its reserve requirement ratio by 200 basis points, taking it back to the pre-crisis level of 15%.
The move follows the lead of fellow emerging market economy China, which has so far implemented two 50 basis point hikes to the percentage of deposits banks are required to hold in reserve.
Radjalma Costa, a senior adviser in the central bank's department of banking operations, told CentralBanking.com that Wednesday's move was intended to continue the
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