November 22, 2017

BNR monetary policy interest rate at 5.25 %/ year

The National Bank of Romania (BNR) maintained yesterday the monetary policy interest rate at 5.25 % per year, the minimum required reserves for RON-denominated liabilities at 15 % and for forex-denominated liabilities at 20 %, in line with the analysts’ expectations. The BNR decision is in line with the expectations of the Association of Financial-Banking Analysts in Romania (AAFBR), which considers that the interest rates and the RON-denominated reserves’ drop could resume next year.BNR lowered the monetary policy interest rate by 0.75 % since the start of the year, down to the historic low of 5.25 % per year.

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