National Bank of Romania keeps rate at 6,26%, lowers the minimum reserve requirements ratio |
Autor: Bancherul.ro
2011-03-31 13:31 |
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In its meeting of March 31, 2011, the Board of the National Bank of Romania decided the following:
- to keep unchanged the monetary policy rate at 6.25 percent per annum;
to ensure adequate management of liquidity in the banking system;
- to lower the minimum reserve requirements ratio on foreign currency-denominated liabilities with residual maturities of up to two years to 20 percent from 25 percent starting with the April 24-May 23, 2011, maintenance period and to leave unchanged the minimum reserve ratio on leu-denominated liabilities at 15 percent.
The NBR will further vigilantly monitor domestic and global economic developments so as, by using its available instruments, to ensure the fulfillment of its objectives of achieving and maintaining price stability in the medium term as well as financial stability.
NOTE: A detailed statement will be presented in approx. 3 hours.
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