Romania Ctrl Bk To Leave Key Rate Unchanged At 6.25% - Poll

Romania's central bank is likely to leave its key rate unchanged for the seventh straight time at 6.25% a year during its next monetary policy meeting March 31, as it continues to battle high inflation, the association of financial and banking analysts AAFBR said Tuesday.

13 views

AAFBR said most of the polled analysts expect the key monetary policy rate to remain at the record low of 6.25% until the end of 2011. Previous estimations pointed to a 50 basis points reduction to 5.75%.

All analysts expect the central bank will keep the minimum reserve requirements unchanged at 15% for Romanian lei and at 25% for hard currency.

The central bank cut its key rate in four steps last year, from 8% at the end of 2009, while keeping the minimum reserve requirements unchanged for both local and foreign currency liabilities.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.