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Romania's c-bank holds key rate at 2.50%

Romania's c-bank holds key rate at 2.50% Romania's central bank - BNR

BUCHAREST (Romania), August 6 (SeeNews) - Romania's central bank said on Monday it will keep its monetary policy rate at 2.50%.

The central bank, BNR, also decided to leave unchanged the deposit facility rate at 1.50% per annum and the lending facility rate at 3.50% per annum, it said in a statement after a board meeting on monetary policy.

BNR also decided to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of banks.

On May 7, BNR increased its monetary policy rate to 2.50% from 2.25% - the third rate hike this year.

Romania's annual consumer price inflation stood at 5.4% in June, at the same level as in the previous month, according to data from the national statistical office, INS. On May 9, BNR increased its 2018 annual inflation forecast to 3.6% from 3.5%, above the upper end of its target band of 1.5%-3.5%.

(1 euro=4.6250 lei)