UPDATE: Central Bank slashes key interest rate to 6.25%

The Romanian Central Bank (BNR) might further cut the key interest rate today in its monetary policy administration council meeting, analysts expect. The key interest rate, currently of 6.5 percent, could go down to 6.25 percent. This would be a historical low. This could also trigger a drop in lenders' interest rates a couple of months from now. BNR will also approve the quarterly inflation report in today's meeting. Its previous monetary policy meeting was on March 29, when BNR cut the key interest rate from 7 percent to 6.5 percent. The slowdown in decreasing the key interest rate could be triggered by the international financial problems revolving around Greece, among others. UPDATE: BNR has cut the interest rate to 6.25 percent from 6.50 and has kept the minimum mandatory reserves to the same level. BNR will issue more details in a press release in 3 hours.