Prima pagină » Economic » Romanian Ctrl Bk May Release EUR800M From Reserves

Romanian Ctrl Bk May Release EUR800M From Reserves

Romanian lenders currently have liabilities with residual maturities of over two years worth of about EUR2 billion, thus the central bank’s Tuesday decision to ease the required reserve rules may release around EUR800 million worth of funds, sources within the central bank said Wednesday.
Bogdan Neagu
01 apr. 2009, 16:12, Economic

Romania’s central bank BNR decided Tuesday to cut to zero from 40% at present the minimum reserve ratio on foreign-denominated liabilities with residual maturities of over two years.

The decision will be applied starting with the May 24-June 23, 2009 maintenance period.

BNR kept unchanged the key monetary policy rate at 10% on the year, and left unchanged the current minimum reserve requirements ratios on leu-denominated liabilities at 18%, as well as on foreign-currency denominated liabilities with residual maturities of up to two years, at 40%.