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Economic

Romania Central Bank Cuts Key Rate By 25 BPs To 5.75%

Romania’s central bank Thursday lowered its main interest rate by 25 basis points to 5.75% a year, the second cut in a row, in a move to boost bank lending and support economic recovery.

Bogdan Neagu · 5 ianuarie 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.

In November, the bank reduced its monetary policy rate to 6%, from 6.25%, the first cut in a year and a half.

The central bank decision follows several months of low inflation, with the annual rate at 3.44% in November, the lowest in over two decades.

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