The Romanian Central Bank (BNR) has slashed the key interest rate by 0.5 percent from 8 percent end of last year. BNR also decided in its first monetary policy meeting this year to keep the same level of minimum mandatory reserves for passives in RON at 15 percent, and for foreign currencies at 25 percent.
Update 16.12: The Central Bank said it decided to cut the interest rate in order to help relaunching the economic increase. It also wants to handle the liquidities in the banking system. The next meeting of BNR’s administration council will take place on February 3, when the new quarterly inflation report will be analysed.