BNR Cuts Forex Reserve Requirements, But Keeps Key Rate Steady At 3.5%

Update 07.01.2014 By Florentina Dragu

Romania’s central bank on Tuesday held its key lending rate unchanged at 3.5% for the third consecutive meeting, in line with market expectations, but lowered the reserve requirements for foreign currency deposits to 16% from 18% previously.

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BNR To Cut Reserve Requirements Tuesday - Sources
Keywords:
CENTRAL BANK
, KEY RATE
, MONETARY POLICY