In its today meeting, the Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions, a press release informs.
Also the central bank decided to pursue an adequate liquidity management in the banking system.
Not least, BNR Board has examined and approved the new quarterly Inflation Report.
This value was set by the central bank on May 6.
“Under the impact of the VAT rate reduction concerning the goods and services (making up 32 percent of the CPI basket), the annual inflation rate is expected to come in at around nil between June 2015 and May 2016, before re-entering the variation band of the target in the final quarter of next year,” the financial institution noted that time.
Moreover, the Association of Financial-Banking Analysts in Romania (AAFBR) estimates that BNR will maintain the monetary policy rate to 1.75 percent until the end of the year.