NBR decide to lower the monetary policy rate to 4.25 percent per annumPublish date: Astazi, 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.
- 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
- 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
- Clean water for Romania's Bihor county EURO5m EBRD loan to complement EU funds