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Romania Ctrl Bank Cuts Key Rate To Record-Low 6.25%

Romania’s central bank Tuesday cut its key monetary policy rate by 25 basis points to a new record low of 6.25%, leaving the minimum reserve requirements unchanged.
Romania Ctrl Bank Cuts Key Rate To Record-Low 6.25%
04 mai 2010, 12:05, English

The new rate applies as of Wednesday.

The central bank also decided to keep the minimum requirements unchanged at 15% for Romanian leu-denominated liabilities and at 25% for hard-currency liabilities.

It is the fourth rate cut this year from 8% in December 2009.

The central bank’s Board also examined and approved the inflation report for the first quarter of 2010, which is due for release May 6.