Romania's Central Bank Keeps Monetary Policy Rate Unchanged at 10.25%

The central bank also said in a statement that it decided to reduce the minimum reserve requirement ratio on leu-denominated liabilities of credit institutions to 18% from 20% starting with the November 24-December 23 maintenance period, and leave unchanged the existing minimum reserve requirement ratio on foreign currency-denominated liabilities of credit institutions.

A detailed statement will be released in approximately three hours, BNR said.

The central bank raised its key interest rate to 10.25% from 10.00% at the very end of July due to stubbornly high inflation, which topped 9.0% that month before slowing to 8.02% in August. It has raised its monetary policy rate by a total of 2.75 percentage points since the beginning of the year.