National Bank of Romania keeps unchanged the monetary policy rate at 10.25% |
Autor: Bancherul.ro
2008-09-25 12:39 |
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In its meeting of September 25, 2008, the Board of the National Bank of Romania has decided the following:
• To keep unchanged the monetary policy rate at 10.25 percent per annum;
• To pursue a firm management of money market liquidity via open-market operations;
• To leave unchanged the existing minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
The NBR Board is restating that it will vigilantly monitor developments in macroeconomic indicators, both domestically and internationally, and will adjust its instruments so as to ensure a consolidation of the disinflation process in order to achieve medium-term inflation targets in a sustainable manner.
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