BNR drops the monetary policy rate to 4%

Romania’s central bank decided on cutting down another 0.25 percentages from the monetary policy rate, as anticipated. Thus, BNR agreed to reduce the monetary policy rate to 4% a year after similar decisions that were made within the past months. 

‘During the meeting on November 5, 2013, BNR’s Board of Directors decided to lower the monetary policy rate to 4% a year from 4.25%, starting November 6, 2013, the proper management of liquidity in the banking system, the maintaining of the current levels of minimum reserve requirement ratios applicable to the RON and foreign currency liabilities of credit institutions.‘ a BNR release informs .

Also the central bank’s Board of Directors has examined and approved the quarterly inflation report that will be released this week on November 7 during a press conference.