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December 1, 2021

BNR commits itself to keeping cash reserve ratio unchanged

In the letter of intent to the International Monetary Fund (IMF) and the European Commission (EC), the National Bank of Romania (BNR) committed itself to keep unchanged, for the next three months, the cash reserve ratio for RON or foreign currency liabilities set by commercial banks, Mediafax informs. “Given the significant shocks suffered by offer and the devaluation of the exchange rate, inflation in 2012 will most probably range within the interval targeted by the Central Bank. However, inflationary risks will persist, especially because of administered prices and a recovery of salary costs’ dynamics. These pressures, associated with the continuous instability of international financial markets and the risk of pressure on the exchange rate and volatile capital flows, will require a prudent attitude of monetary policy.

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