Unify the Statutory Minimum Reserve and the clearing accounts that banks maintain at the BoT and implement partial reserve averaging for reserve requirements.
Introduced at R1. Macroeconomic rationale: To reduce excessive volatilities in short term money market interest rates. At R2, Not met, in light of the decision to tighten liquidity following excessive volatility of the Shilling. Proposed to be rescheduled for end-2015.