Thursday, August 2, 2012

Romania maintains key rate at 5.25%

   The National Bank of Romania has maintained its monetary policy rate at 5.25 percent, as expected.
    The Romanian central bank said in a brief statement that the bank would also "ensure adequate liquidity management in the banking system"
    It said the quarterly inflation report would be released on Aug. 6 and further details would be provided at a press conference.
    The Romanian central bank cut its main rate by 25 basis points in March as the economy started to contract. The GDP fell 0.1 percent in the first quarter from the previous quarter.


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