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

Newsroom 29/03/2012 | 09:32

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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