NBR decide to lower the monetary policy rate to 4.25 percent per annumPublish date: 30-09-2013
In its meeting of 30 September 2013, The Board of the National Bank of Romania decided the following:
- to lower the monetary policy rate to 4.25 percent per annum from 4.5 percent starting with October 1, 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 reiterates that it will closely monitor domestic and global economic developments so as, via the proper calibration of the monetary policy conduct and the adequate use of its available tools, to ensure price stability over the medium term and financial stability.
NOTE: The detailed statement will be presented by Governor Mugur Isarescu in a press briefing scheduled at 15:00 at the NBR headquarters, Mitita Constantinescu Hall.
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