BNR maintains the monetary policy interest rate to 1.75 per annum

Newsroom 04/08/2016 | 13:26

The Board of Directors of the National Bank of Romania (BNR) decided on Thursday to maintain the monetary policy interest rate at 1.75 percent per annum and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.

The BNR board also decided to to pursue adequate liquidity management in the banking system.

The monetary policy has remained unchanged since May 2015. The BNR has analyzed and approved the Report on inflation dated August 2016. The document will be presented to the public in a press conference on 8 August 2016.

According to an analysis by Garanti Bank, BNR will maintain unchanged its monetary policy rate until next year. Specifically, according to the bank’s Quarterly Macroeconomic Report, corresponding to this year’s second quarter, the National Bank of Romania will not increase the monetary policy rate by mid-2017. 

For ING EMEA, the BNR move was highly anticipated by surveys. Moreover, according to ING specialists, the CPI forecast, to be released on 8 August, will be important for the policy outlook.

Georgeta Gheorghe

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue