Analysts expect further cut in interest rates by Romania's National Bank

Romania’s National Bank (BNR) could reduce the monetary policy interest rate from 3.5 percent to 3.25 percent in the next three months and to 3 percent by the end of 2015, local analysts estimate. Some of them expect BNR to announce a new interest rate cut following the monetary policy meeting today, August 4. In the latest monetary policy meeting, on July 1, the BNR board decided to keep the rate unchanged at 3.5 percent, but reduced the minimum reserve ratio for foreign currency liabilities of local banks from 18 percent to 16 percent, freeing further liquidity for banks. Romanian National Bank keeps interest rate unchanged at 3.5% Key interest rate slashed for the second time this year in Romania Romanian Central Bank pushes key interest rate to record low editor@romania-insider.com