Romania’s central bank lowers monetary policy rate to new all-time low at 5.25 percent

The board of the National Bank of Romania (NBR) has decided in its meeting today to lower the monetary policy rate to 5.25 percent per annum – an all-time low – from the present 5.50 percent starting with March 30, 2012.

The central bank has also decided to maintain the existing levels of minimum reserve requirement ratios on both leu-denominated and foreign currency-denominated liabilities of credit institutions.

Following the announcement, Mugur Isarescu, the governor at the NBR, will hold a press briefing – the first of this kind – today at 15:30.

Simona Bazavan

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