Printer Friendly

Romanian Central Bank keeps key rate steady.

Global Banking News-3 November 2009-Romanian Central Bank keeps key rate steady(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 03 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Nov 3, 2009
Words:143
Previous Article:Intesa Sanpaolo, other banks to launch fund.
Next Article:Northern Trust named Best Private Bank in North America.


Related Articles
Romanian Central Bank cuts key rate.
New Zealand central bank keeps rate steady.
Central bank of Colombia may keep rate steady.
Israel keeps rates steady.
Central bank of New Zealand keeps rates steady.
Central bank of Norway increases rates.
Bank of Korea keeps rates steady.
Norway keeps rates steady.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters