RTTNews - Tuesday, Romania's central bank slashed its key interest rate by 50 basis points to 9.0%. The reduction was in line with analysts' expectations. In May, the bank had trimmed its key interest rate by 50 basis points to 9.5%.
Also, the bank decided to lower the minimum reserve ratio on leu-denominated liabilities of credit institutions to 15% from 18% and foreign currency-denominated liabilities of credit institutions to 35% from 40%, both starting July 24-August 23 maintenance period.
Further, the Board of the National Bank of Romania decided to actively use open-market operations in order to ensure an adequate management of liquidity in the banking system.
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