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New signal for bank interest decrease

Vineri, 9 februarie 2007, 0:00

The Romanian National Bank (BNR) decided to lower its currency policy interest rate from 8.75% down to an annual 8%, an official release of the institution shows.
The main reasons for the decision were the success of financial and currency restrictive policies, along with the price deflation and the strengthening local RON in front of the European currency.

The BNR board took into account the macro-economy indicators, the interior and international market indicators, as well as the perspectives opened by Romania's accession to the European Union.

Statistics indicate that the inflation decrease would continue, with the December target of 5% being achieved with a total 4.87% rate, with a downwards trend already proven.

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