UPDATE: 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.

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.