The National Bank of Romania decided on Thursday to keep the monetary policy rate unchanged at 6.25 percent. This decision will support the current disinflation trend and will allow a tightening of real broad monetary conditions.
The central bank stated that the current industrial output and exports moderated, amid increased uncertainties regarding the eurozone sovereign debt crisis. The revival of loans to the private sector, especially leu-denominated lending, remained sluggish and Romania’s economic pace will be saved by the good agricultural output.
The National Bank also decided to further pursue an adequate management of liquidity in the banking system and maintain unchanged the minimum reserve requirements for both leu and foreign currency-denominated liabilities of credit institutions.