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

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.