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

The central bank, BNR, also decided to maintain 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.

The central bank last changed its key rate in May, increasing it to 2.50% from 2.25%, the third rate hike this year.

Romania's annual consumer price inflation decelerated to 5.0% in September from 5.1% in the previous month, according to data from the national statistical office, INS.

In August, BNR decreased its annual inflation forecast for 2018 to 3.5% from 3.6%, back within its target band of 1.5-3.5%.

(1 euro=4.6640 lei)

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