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Central Bank maintains key interest level at 10.25%

de Radu Rizea
Joi, 25 septembrie 2008, 13:01 English | Business

The Romanian Central Bank (BNR) decided in its session on Thursday to maintain the 10.25% key interest rate, a press release of the institution informs. The central bank also maintained the level for minimum obligatory reserves for commercial banks.

The last modification of the key interest rate came in July, when BNR increased it for the seventh time in one year.

According to the National Prognosis Commission, the inflation rate is on a descending trend and may reach 6% at the end of the year.

The economic growth is estimated at 9.1%, while the investments will represent 33% of the gross domestic product.

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