Board of National Bank of Romania decides to cut key rate to 4.5pct per annum

In its meeting of Monday, the Board of the National Bank of Romania decided to lower the monetary policy rate to 4.5 percent per annum from 5.0 percent, starting with August 6, 2013, the Central Bank informs in a press release..

As well, the Board decided to pursue an adequate liquidity management in the banking system and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.

„The NBR Board has examined and approved the new quarterly Inflation Report, a document which will be released to the public in a press conference scheduled for August 7, 2013”, the document also informs.

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