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National Bank of Romania slashed the monetary policy rate to a 5,25% record

Autor: Bancherul.ro
2012-03-29 12:57

In its meeting of March 29, 2012, the Board of the National Bank of Romania decided the following:
- to lower the monetary policy rate to 5.25 percent per annum from 5.50 percent starting with March 30, 2012;
- to ensure adequate management of liquidity in the banking system;
- to maintain the existing levels of minimum reserve requirement ratios on both leu-denominated and foreign currency-denominated liabilities of credit institutions.

The NBR will continue to closely monitor domestic and global economic developments in order to, by accordingly adjusting its available instruments, to ensure the fulfilment of its objectives of achieving price stability, as well as financial stability.

NOTE: A detailed press release will be issued at 1530 in a press briefing of the Governor at the NBR headquarter and will be then immediately published on the NBR website.

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