BNR could maintain the key interest rate to 1.75 pc

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The National Bank of Romania (BNR) could maintain the key interest rate to 1.75% at the next meeting of the Board on February 5, according to a survey within the financial-banking analysts association.
“Most people taking part in the opinion poll believe BNR would maintain the minimum obligatory reserves for liabilities in RON at 8% and the ones for liabilities in foreign currencies at 12%. They opine that the minimum obligatory reserves in RON could be cut to 6% by year-end and to 4% by the end of 2017. The level of minimum obligatory reserves in foreign currencies could fall in the future, to 10% in December 2016 and to 8% in December 2017,” the document reads.
The interviewees say the key interest rate would be maintained during 2016 to 1.75%, but could be hiked to 2.25% in 2017.

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