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

Romania's c-bank holds key rate at 2.50% National Bank of Romania. Author: Doinita Dolapchieva. Licence: All Rights Reserved.

BUCHAREST (Romania), August 5 (SeeNews) - Romania's central bank said on Monday it has decided to 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 year and the lending facility rate at 3.50% per per, it said in a statement after a board meeting on monetary policy.

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

The central bank last changed its key rate in May last year, increasing it to 2.50% from 2.25%, the third rate hike in 2018.

Romania's consumer prices rose by 3.84% year-on-year in June, compared to a 4.1% growth recorded in the previous month, the national statistical office has said.

In May, BNR raised its annual inflation forecast for 2019 to 4.2% from 3.0%, outside its target band of 1.5-3.5%.

(1 euro=4.7334 lei)

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