Bosnian c-bank lowers remuneration rate on excess required reserves

The change is based on the commission policy of the Bosnian central bank for funds held in reserve accounts with it, in force since May 2019, CBBH said in an e-mailed statement.

"With the new policy, adopted by the Governing Board of the CBBH, the [interest] rate on excess required reserves has been made equal to the deposit facility rate of the ECB," Bosnia's central bank said.

The ECB lowered the rate on deposit facility by 10 basis points to -0.50% on September 12.

CBBH also said it has left unchanged the interest rate on required reserves.