Press Release of the Board of the National Bank of Romania |
Autor: Bancherul.ro
2010-11-02 13:24 |
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In its meeting of November 2, 2010, the Board of the National Bank of Romania has decided the following:
• to keep unchanged the monetary policy rate at 6.25 percent per annum;
• to pursue an adequate management of liquidity in the banking system;
• to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
At the same time, the NBR Board decided to maintain the 2012 inflation target at 3 percent ±1 percentage point, and to adopt, as from 2013, a flat multi-annual inflation target of 2.5 percent ±1 percentage point. The assumed targets will be discussed with the government.
The NBR Board has examined and approved the quarterly Inflation Report, which will be released to the public in a press conference scheduled for November 4, 2010.
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