BNR maintains the monetary policy interest at 1.75 pct

The Administration Council of the National Bank of Romania (BNR) decided this Friday to maintain the monetary policy interest at 1.75 pct/year and to maintain the current level of mandatory minimum reserves for the liabilities in RON and foreign currency.

A similar decision was adopted last month. The analysts expected for the central bank to maintain the interest rate and minimum reserves, after the previous meeting from May 5, when the Administration Council took the first important decision of monetary policy from 2017, reducing the RMO rate for the liabilities in foreign currency from 10 percent to 8 percent.