In its meeting of May 5, 2017, the Board of the National Bank of Romania (BNR) decided the following:
- to keep unchanged the monetary policy rate at 1.75 percent per annum (unchanged since May 2015 – our note);
- to pursue adequate liquidity management in the banking system;
- to cut the minimum reserve requirement ratio on foreign exchange-denominated liabilities of credit institutions to 8 percent from 10 percent starting with the 24 May – 23 June 2017 maintenance period. The minimum reserve requirement ratio on RON-denominated liabilities remains unchanged at 8 percent, a BNR release informed on Friday.