The Central Bank of Brazil reported that it would reduce its reserve requirement by 6 % on 16 March 2020 .
Bank Indonesia cut its overnight rate by 25 basis points , while the Central Bank of Brazil announced it would cut its reserve requirement on 16 March from 31 % to 25 % , which is expected to release R $ 135 billion ( or $ 29 billion ) into the money supply.
2020 stock market crash