Romania Central Bank lowers key rate to 3.5%

Newsroom 04/02/2014 | 13:21

Romania’s central bank Tuesday lowered its main monetary policy rate by a quarter of a point to a fresh all-time low of 3.5% a year, in line with market expectations.

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Another decision adopted on Tuesday regards the adequate management of liquidity in the banking system. BNR’s board of administrators analyzed and approved the Quarterly Report on Inflation. The document will be presented to the press in a special conference on Thursday.

Analysts were expecting the Central Bank to reduce key rates. This is the last decrease in a cycle of relaxation for monetary policies which began in July 2013, with most estimates for december 2014 including an interest rate of 3.5%.

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