National Bank of Romania
November 2, 2012
In this context and with a view to efficiently anchoring inflation expectations, the NBR Board has decided to keep the monetary policy rate unchanged at 5.25 percent per annum, to ensure a firm liquidity management in the banking system and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
That’s how Romanian officials justified their decision to retain a 5.25% key interest rate today, which was what analysts expected. In each month of the first quarter of 2012, the rate was cut by 25 basis points, but no changes have been made since then. Prior to 2009, the rate was at 10.25%.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Romania
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