NBR decide to lower the monetary policy rate to 4.5 percent per annum

In its meeting of 5 August 2013, The Board of the National Bank of Romania decided the following:

• to lower the monetary policy rate to 4.5 percent per annum from 5.0 percent starting with August 6, 2013;
• to pursue an adequate liquidity management in the banking system; 
• to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. 

The NBR Board has examined and approved the new quarterly Inflation Report, which will be released to the public in a press conference scheduled for 7 August 2013.

press release