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Nov 07, 2017 14:10 EEST
November 7 (SeeNews) - Romania's central bank, BNR, said on Tuesday it maintained its monetary policy rate at a record low 1.75% - in line with analysts' expectations.
BNR's board also decided to narrow the corridor of interest rates on its standing facilities around the policy rate to ±1.00 percentage points from ±1.25 percentage points, it said in a statement.
"Thus, starting November 8, 2017, the deposit facility rate rises to 0.75 percent per annum, while the interest rate on the BNR’s lending facility is lowered to an annual 2.75%," the central bank said.
BNR last changed its monetary policy rate in May 2015, when it cut it by 25 basis points to 1.75%.
Romania's annual inflation rate stood at 1.8% in September, up from 1.2% in August, according to data from the national statistical board, INS. In its latest inflation report issued in August, Romania's central bank BNR increased its annual inflation forecasts for this year and 2018, to 1.9% and 3.2%, respectively, from 1.6% and 3.1% projected earlier.
(1 euro =4.5968 lei)
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