OREANDA-NEWS. December 15, 2011. The Central Bank keeps targeting maintenance of macroeconomic and financial stability under declared monetary policy directions, reported the press-centre of CBA.

The national economy continues growing amid uncertain global economic environment and its foreign position is favorable. The banking sector is sustainable with sufficient liquidity.

Against the backdrop of ongoing jump in the foreign exchange reserves and high liquidity of the banking sector, the volume of the money supply should be managed in harmony with the macroeconomic and financial stability.

Given the above, the required reserve norm of the banks’ liabilities in manat was moved from 2% to 3% at the decision of Management Board of the Central Bank of 29 November 2011.