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Romania’s Central Bank maintains monetary policy rate at 1.75 pct

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Monetary policy rate of National Bank of Romania remained unchanged at 1.75% p.a following the meeting, where the bank also decided to follow liquidity management.

 

The NBR has also decided “to pursue adequate liquidity management in the banking system and to cut the minimum reserve requirement ratio on foreign exchange-denominated liabilities of credit institutions to 8 percent from 10 percent starting with the 24 May – 23 June 2017 maintenance period,” reads NBR’s press release.

Also, the minimum reserve requirement ratio on leu-denominated liabilities remains unchanged at 8 percent, according to the same source.

 

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