BNR decide do lower the monetary policy rate to 5.50 percent

In its meeting of February 2, 2012, the Board of the National Bank of Romania decided the following:

• to lower the monetary policy rate to 5.50 percent per annum from 5.75 percent starting with February 3, 2012; 
• to ensure adequate management of liquidity in the banking system;
• to maintain the existing levels of minimum reserve requirement ratios on both leu-denominated and foreign currency-denominated liabilities of credit institutions.

The NBR Board has examined and approved the quarterly Inflation Report, which will be released to the public in a press conference scheduled for February 7, 2012, along with a 12-month calendar of NBR Board meetings dedicated to monetary policy issues.