Romania Central Bank Holds Key Policy Rate

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Tuesday, Romania's central bank hold its key policy rate unchanged, in line with economists expectations.

The Board of the National Bank of Romania retained its key interest rate at 8% per annum. In October, the central bank had lowered key policy rate by 50 basis points from 8.5%.

Similarly, the central bank decided to hold the minimum reserve requirements ratios on leu-denominated and foreign currency commercial deposits at 30%.

The National Bank decided to ensure a firm management of liquidity in the banking system in order to consolidate the transmission of monetary policy signals.

The central bank had set the annual consumer price inflation target at 3% for 2011, down from 3.5% inflation expected for 2010. Year-on-year, consumer price index or CPI rose 4.94% in September.

Tuesday, Romania's central bank hold its key policy rate unchanged, in line with economists expectations. (Market News Provided by RTTNews)