Central Bank maintains key interest rate at 10.25%

Joi, 30 octombrie 2008, 16:42 English | Business

The Romanian Central Bank (BNR) maintained the monetary policy interest at 10.25% after the board session on Thursday, a BNR press release informs. At the same time, the minimum obligatory reserves for commercial banks were set at 18% for deposits in the national Romanian currency, RON, instead of the previous level of 20%, starting with the November 24 - December 23 period.

During the same session, the Central Bank approved the quarterly inflation report and announced its decision to manage cash in order to ensure an adequate flow on the interbank market.

Banking experts say that the minimum reserves for RON may continue to decrease, as the Central Bank consolidates its position of creditor of the banking system.