Romanian Central Bank keeps key interest rate at 6.25%

03 August 2011

Romanian National Bank’s Board of Directors (BNR) decided to keep the key interest rate at 6.25 percent per year, as expected by analysts, and also to maintain the current levels of mandatory reserve, both in RON and in foreign currency.

The IMF mission chief in Romania, Jeffrey Franks, said that the central bank could be forced to increase the key interest rate this year, in order to combat the effects of possible price increases in the energy sector.

BNR cut the rate from 6.5 percent to 6.25 percent in May last year. In December 2009, the key policy rate was of 8 percent and was gradually decreased throughout 2010.

Irina Popescu, irina.popescu@romania-insider.com

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Romanian Central Bank keeps key interest rate at 6.25%

03 August 2011

Romanian National Bank’s Board of Directors (BNR) decided to keep the key interest rate at 6.25 percent per year, as expected by analysts, and also to maintain the current levels of mandatory reserve, both in RON and in foreign currency.

The IMF mission chief in Romania, Jeffrey Franks, said that the central bank could be forced to increase the key interest rate this year, in order to combat the effects of possible price increases in the energy sector.

BNR cut the rate from 6.5 percent to 6.25 percent in May last year. In December 2009, the key policy rate was of 8 percent and was gradually decreased throughout 2010.

Irina Popescu, irina.popescu@romania-insider.com

Normal
 

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