NBR leaves key rate at record low of 6.25%

The board of the National Bank of Romania has decided today to hold key interest rates at record low of .25%, due to uncertainties regarding the economic developments.

NBR has also decided to ensure a firm management of liquidity in the banking system, and to leave reserve requirement ratio both for RON-denominated and Fx-denominated liabilities unchanged, at 15% and 25% respectively.

The monetary policy rate has been cut in May this year, when the central bank lowered by 25 basis points, from 6.5% to 6.25%.

The central bank added it would be vigilantly monitoring domestic and global economic developments so that, via an adequate use of its available instruments, to ensure the fulfillment of its goals of achieving and maintaining price stability in the medium term as well as financial stability.

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