Loading ...Bankers and financial analysts expect the new Board of Directors of the National Bank of Romania (BNR) to cut the monetary policy interest rate by 0.25 percent on its first meeting scheduled for November 3, but also to instruct the reduction of the minimum required reserve for local lei, in order to prompt a decline in interest rates.
“I expect BNR to reduce the intervention interest rate to flag off the downward trend of interest rates and I think it’s time for the minimum required reserve in lei to reduce,” CEC Bank president Radu Gratian Ghetea told a banking seminar.
Radu Craciun, Eureko Pensions investments director, said that he expects a 0.25 percent cut in the key interest rate as a signal for a change in the perception of economic stability in Romania.
“I do not expect the intervention interest rate to be modified, but I think that we will see a reduction in the minimum required reserve in lei,” said Sergiu Oprescu, Alpha Bank executive president. Banca Transilvania CEO Robert Rekkers and OTP Bank CEO Laszlo Diosi said they too count on the reduction of the interest rate and the lowering of the minimum required reserve in lei.
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