Romania's central bank on Tuesday kept its key interest rate unchanged at 10% per annum. The decision was in line with economists' expectations.
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 cut the minimum reserve ratio on foreign-denominated liabilities with residual maturities of over two years to zero from 40% at present, starting with the May 24-June 23, 2009 maintenance period.
Moreover, the bank said it will leave unchanged the existing minimum reserve requirements ratios on leu-denominated liabilities of credit institutions as well as on foreign-currency denominated liabilities with residual maturities of up to two years.
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