The Central Bank keeps key interest rate at 6.25 percent

The administration board of the Romanian National Bank decided today to maintain the interest rate constant, at 6.25 percent.

Also, the board decided to have an appropriate management of liquidity in the banking system.

The central Bank’s management has decided as well to reduce the minimum mandatory reserve requirement in foreign currency with residual maturity of less than two years of credit institutions at 20 percent, representing a 5 percent cut starting April 24 to May 23, 2011.

Dana Verdes

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