prijava
SARAJEVO, September 18 (FENA) - The Central Bank of Bosnia and Herzegovina (CBBH) has adjusted the remuneration rate on excess required reserve with the new European Central Bank (ECB) deposit rate. The rate has been further reduced from -0.40 percent to -0.50 percent so far. The remuneration rate on required reserve has remained unchanged.
The change in the remuneration rate is based on remuneration policy on the funds in bank reserves account with the CBBH, which has been in force since May this year. With the new policy adopted by the Governing Council of the CBBH, the remuneration rate on excess required reserve is equated with the rate applied by the European Central Bank (ECB) to deposits from commercial banks (Deposit Facility Rate).
Among other things, the Governing Council of the ECB, at its meeting held on September 12, decided to reduce the deposit rate by 10 basis points from -0.40 percent to -0.50 percent so far, according to the CBBH Press Office.
(FENA) A. B.
