ROMANIAN NATIONAL BANK CUTS BASE INTEREST RATE TO 5.75% |
Autor: Bancherul.ro
2012-01-05 13:52 |
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In its meeting of January 5, 2012, the Board of the National Bank of Romania decided the following:
- to lower the monetary policy rate to 5.75 percent per annum from 6.00 percent starting with January 6, 2012;
- to ensure adequate management of liquidity in the banking system;
- to maintain the existing levels of minimum reserve requirement ratios on both leu-denominated and foreign currency-denominated liabilities of credit institutions.
The NBR will further monitor domestic and global economic developments so as, by accordingly adjusting its available instruments, to ensure the fulfilment of its objectives of achieving and maintaining price stability in the medium term, as well as financial stability.
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