The Board of Romania’s Central Bank (BNR) decided on Wednesday to reduce the key interest rate from 2.5% to 2.25% per year as of February 5, informs a BNR release.
The BNR has also decided to narrow the symmetrical corridor formed of the interest rates of permanent facilities around the key interest rate to +/- 2 percentage points from +/- 2.25 percentage points, the adequate management of liquidity in the banking system and maintaining the current levels of mandatory minimum reserve rates.
‘Thus, as of February 5, the interest rate related to the crediting facility (Lombard) will be cut to 4.25% per year from 4.75%, whilst the interest rate for the deposit facility is kept at 0.25%,’ reads the BNR release.
The BNR’s Board has also analyzed and approved the Quarterly Report on Inflation, a document that will be unveiled in a press conference on February 9, 2015.
Central Bank revises end-2015 inflation projection downwards to 2.1 pct
The National Bank of Romania (BNR) is projecting 2.1 percent inflation by year-end and 2.4 percent for end-2016, the Central Bank Governor Mugur Isarescu (photo) said on Wednesday.
The inflation forecast announced by the BNR in November for the end of this year was of 3 percent. The inflation target remains 2.5 percent plus/minus one percentage point both for 2015 and the coming years.