In its meeting of 5 May 2016, the Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum. BNR also determined to pursue adequate liquidity management in the banking system and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
The BNR Board has also analysed and approved the new quarterly Inflation Report which will be released to the public on May 10, 2016.
In its first monetary policy meeting this year, the central bank took a surprising decision, deciding to cut the levels of minimum reserve requirement ratios on foreign currency-denominated liabilities from 14 percent to 12 percent.
BNR’s monetary police had been in stand-by since May last year, when it cut the kye interest at the historical minimum of 1.75% per annum.