RTTNews - Tuesday, Romania's central bank lowered its key policy rate by 50 basis points to 8.5%.The reduction was in line with economists' expectations. In June, the bank had reduced its key interest rate to 9% from 9.5%.
At the same time, the bank slashed the minimum reserve requirements ratio on foreign currency commercial deposits to 30% from 35%, effective on August 24.
The Board of the National Bank of Romania also decided to actively use open-market operations in order to ensure an adequate management of liquidity in the banking system.
For comments and feedback: contact firstname.lastname@example.org