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March 23, 2023

BNR will keep monetary interest policy rate at 6.25 pc, analysts say

The Board of the National Bank of Romania (BNR) might decide Wednesday to keep the key interest rate at 6.25 pc a year, according to opinions voiced by the members of the Romanian Association of Financial and Banking Analysts (AAFBR) in an internal poll, reads a press release. Forecasts for the end of the year oscillate between 6 pc and 6.5 pc, against the interval 5.5 – 6.75 pc estimated in May. The analysts that answered the poll expect the key interest to decrease to 5.75 pc at the end of 2012 (estimations between 4.5 pc and 7 pc). The same expectation about a declining key interest rate was revealed by previous polls. All participants in the poll believe that the cash reserve ratio (CRR) might stand at 15 pc for RON and 20 pc for those in foreign exchange (same as now). Most respondents believe the CRR for foreign currency will stay unchanged at 20 pc until the end of 2011, and will drop to 15 pc in 2012.

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