Wednesday, Romania's central bank reduced its key interest rate by 50 basis points to 9.5%. Economists had predicted the central bank to reduce the rate to 9.75%. In March, the bank had kept its key interest rate unchanged at 10%.
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.
Further, the board decided to keep unchanged the minimum reserve ratio on both leu-denominated and foreign currency-denominated liabilities of credit institutions.
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