Excess reserves are the amount of reserves held by banks at their central bank in excess of the reserve requirements. At present, a two-tier system (TTS) is applied for remunerating the excess reserves held by banks in their current account.
Excess reserves are the amount of reserves held by banks at their central bank in excess of the reserve requirements. At present, a two-tier system (TTS) is applied for remunerating the excess reserves held by banks in their current account.