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Romanian Central Bank keeps key rate steady.

Global Banking News-3 November 2009-Romanian Central Bank keeps key rate steady(C)2009 ENPublishing -

Global Banking News - 03 November 2009(c)2005 - Electronic News Publishing -

Romania's central bank has decided to keep the key monetary policy rate unchanged at eight percent on the year, and to maintain the current levels of minimum requirements on both foreign currency-denominated and leu- denominated liabilities, according to a report by Mediafax.

The minimum reserve requirements ratios stand at 30 percent for foreign currency liabilities and at 15 percent for leu liabilities.In September, the central bank lowered the key rate by 50 basis points, the fifth rate cut this year, from 10.25 percent in January.

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Publication:Global Banking News (GBN)
Date:Nov 3, 2009
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