Romanian Central Bank keeps key interest rate at 6.25%
The Romanian Central Bank (BNR) has kept the key interest rate at 6.25 percent, which is the minimum so far in Romania, as most analysts had forecasted. BNR has also kept the minimum mandatory reserves to RON passives at 15 percent, at at 25 percent for foreign currencies.
The BNR, whose administration council met on Wednesday, decided to firmly handle liquidities in the banking system, which is a stronger message than after the previous meeting, when BNR was talking about an adequate management of liquidities.
This is the first time this year when BNR hasn't slashed the key interest rate. It has done so in its four previous monetary policy meetings this year, cutting the rate from 8 to 6.25 percent, but had kept the minimum mandatory rates unchanged.