Romania's central bank keeps benchmark rate and minimum reserves at the current levels

Publish date: 09-01-2011
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The board of Romania's Central Bank (BNR) decided on Wednesday to maintain the key interest rate at 6.25 percent a year and the minimum mandatory reserves for lei and foreign currency passives at the current levels, according to a press release issued by the lender.

In 2010, BNR reduced the monetary policy rate by 0.5 percentage points three times, from 8 to 6.50 percent, and then by 0.25 percentage points to 6.25 percent.

The central bank also maintained the minimum mandatory reserves at the current levels, of 15 percent for the lei passives and at 25 percent for those in foreign currency.

BNR also announced on Wednesday it will manage properly the liquidity in the banking system. 


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