Romania's central bank keeps benchmark rate and minimum reserves at the current levelsPublish date: 09-01-2011
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.
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei