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Romania: BNR cuts key interest rate to 6 percent

03. November 2011. | 07:28

Source: Agerpres

The Board of Directors of the National Bank of Romania (BNR) decided on Wednesday to reduce the key interest rate to the level of 6 percent from 6.25 percent a year, in effect starting on November 3, 2011.

The Board of Directors of the National Bank of Romania (BNR) decided on Wednesday to reduce the key interest rate to the level of 6 percent from 6.25 percent a year, in effect starting on November 3, 2011.

The board also decided the proper management of liquidity in the banking system, maintaining the current levels of rates for the minimum mandatory deposits for liabilities in domestic and foreign currency of the credit institutions.

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