Romania Ctrl Bk To Leave Key Rate Unchanged At 6.25% - Poll

Romania's central bank is likely to leave its key rate unchanged for the seventh straight time at 6.25% a year during its next monetary policy meeting March 31, as it continues to battle high inflation, the association of financial and banking analysts AAFBR said Tuesday.

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AAFBR said most of the polled analysts expect the key monetary policy rate to remain at the record low of 6.25% until the end of 2011. Previous estimations pointed to a 50 basis points reduction to 5.75%.

All analysts expect the central bank will keep the minimum reserve requirements unchanged at 15% for Romanian lei and at 25% for hard currency.

The central bank cut its key rate in four steps last year, from 8% at the end of 2009, while keeping the minimum reserve requirements unchanged for both local and foreign currency liabilities.

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