Versiunea completă
Economic

Romania Central Bank Cuts Key Rate By 0.25 BPs To 5.5%

Romania’s central bank Thursday cut its key monetary policy rate by 25 basis points for the third consecutive time to a record low of 5.5% a year, in line with analysts’ expectations, as inflation is subdued and domestic consumption remains weak.

Bogdan Neagu · 2 februarie 2012 · 1 min de citit

The bank kept the minimum reserve requirements unchanged at 15% for Romanian-leu denominated liabilities and at 20% for foreign currency liabilities.

The rate cut follows several months of reduced inflation, with the annual rate at 3.1% in December, the lowest in over two decades.

The central bank targets an annual inflation of 3% at the end of 2012, plus/minus one percentage point around the band. The bank recently revised down its year-end forecast to 3% from 3.5%, saying it expects a favorable base effect and lower volatile prices.

Citește și