Romanian Central Bank Keeps Key Rate Unchanged At 8%

The minimum reserve requirements ratios currently stand at 30% for foreign currency liabilities, and at 15% for leu liabilities.

Analysts expected the central bank to keep the key rate unchanged, although some were betting on a 25 basis points reduction.

In its Tuesday meeting, the central bank’s Board also decided to ensure a firm management of liquidity in the banking system in order to consolidate the transmission of its monetary policy signals.

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In its last monetary policy meeting in September, the central bank lowered the key rate by 50 basis points. It was the fifth rate cut this year, from 10.25% in January.