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Romania Ctrl Bank To Leave Key Rate Unchanged At 6.25% – Analysts

Romania’s central bank is likely to keep its key rate unchanged at a record low of 6.25% a year at the next monetary policy meeting due August 4, while lowering the minimum requirements on forex liabilities to 20% from 25% currently, analysts said Tuesday.
Romania Ctrl Bank To Leave Key Rate Unchanged At 6.25% - Analysts
Adelina Dragomir
03 aug. 2010, 13:50, English

The central bank cut its key rate in four steps this year, to 6.25% from 8% at the end of 2009, while keeping the minimum reserve requirements unchanged at 15% for Romanian lei and at 25% for hard currency.

At the latest monetary policy meeting June 30, the bank left its key rate unchanged, in a move to ensure the continuity of the disinflation process and further sustain lending revival on the domestic market.

Over the course of 2009, the central bank has lowered the key monetary policy rate by 225 basis points.