Romania’s Central Bank maintains monetary policy rate at 1.75 pct

The National Bank of Romania (NBR) keeps its monetary policy rate unchanged at 1.75 percent per annum, following the meeting of board its board on May 5, the NBR has announced.

The NBR has also decided “to pursue adequate liquidity management in the banking system and to cut the minimum reserve requirement ratio on foreign exchange-denominated liabilities of credit institutions to 8 percent from 10 percent starting with the 24 May – 23 June 2017 maintenance period,” reads NBR’s press release.

Also, the minimum reserve requirement ratio on leu-denominated liabilities remains unchanged at 8 percent, according to the same source.