Romania Central Bank To Leave Minimum Reserves Unchanged In Next Months
Romanian central bank will leave unchanged its minimum reserve requirements imposed on commercial lenders over the next months to fend off inflationary risks and possible pressures on the leu’s exchange rate, according to the country’s latest letter of intent to the International Monetary Fund.
“The inflation will most likely stay within the central bank’s target in 2012. However, inflationary risks remain… and, together with the continued instability in international markets, call for a prudent approach to the monetary policy,” the letter noted.
According to the document, the central bank will not modify the reserve requirements in the next months and will maintain a prudent monetary policy stance.
IMF officials said earlier this week that the central bank shouldn’t lower the reserve requirements in order to maintain sufficient buffer against potential difficulties in the financial system.
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