Central Bank reduces interest rate to 6.25 percent

Romanian National Bank (BNR) announced that has set the interest rate to 6.25 percent per year, representing a 0.25 percent cut. The BNR measure was expected by analysts as long as the economy can’t exit the recession and the inflationist pressures are low.  The BNR maintained the current level of reserves both for RON and foreign currencies and reaffirmed its intention to supervise “the adequate management” of banking sector liquidities.