The Board of the National Bank of Romania (BNR) has decided to maintain the monetary policy interest rate at 10.25% per year, Central Bank representatives announced on September 25, in a release.
The Board has also decided the firm administration of liquidities on the monetary market through market operations, the maintaining of the current level of the compulsory minimum reserves rates applied to the leu liabilities (national currency) and to the foreign currency liabilities of the credit institutions (compulsory minimum reserves in lei – 3.95% per year (+0.60); minimum compulsory reserves in euro – 1.90% per year (+0.15), and for the US dollar 0.80% per year (-0.10).
The Board highlighted it would closely monitor the evolution of the macroeconomic indicators, on a domestic and international level, so that, by adjusting its instruments, it should ensure the strengthening of the disinflation process, in order to reach the inflation target on the medium term.
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