September 30 (SeeNews) - Romania's central bank, BNR, decided on Friday to maintain its monetary policy rate at a record low of 1.75%.
BNR's board also decided to cut the minimum reserve requirements ratio on foreign exchange-denominated liabilities of credit institutions to 10% from 12% starting with the October 24 - November 23, 2016 maintenance period, BNR said in a statement published on its website.
The minimum reserve requirements ratio on leu-denominated liabilities remains unchanged at 8%, the bank added.
BNR last changed its monetary policy rate in May 2015, when it cut it by 25 basis points to 1.75%.
Romania's consumer price deflation slowed to 0.2% year-on-year in August from 0.8% in July.
BNR said last month it expected annual inflation to remain in negative territory longer than previously expected, until the end of 2016.