November 23, 2017

Monetary policy rate at 5.25 %, the highest in the EU – BNR

According to a press release, yesterday, the Board of the National Bank of Romania (BNR) decided to keep the monetary policy rate unchanged at 5.25 % per annum. This is the highest rate in the EU, after Hungary’s central bank (MNB) cut Tuesday its base rate by a quarter of a percentage point to 5.0 %, its lowest ever level, in the first decision under controversial new head Gyorgy Matolcsy. Also, the Czech central bank kept interest rates near zero for a third meeting as policy makers’ debate whether to stimulate an economy racked by a record-long recession through a weaker koruna.

Source: Nine o’clock (read more)

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