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BNR maintains monetary policy rate at 1.75pc. Minimum reserves on foreign exchange-denominated liabilities cut to 8pc

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.

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