Romanian central bank cuts rates as inflation falls
National Bank of Romania says inflation is below midpoint of target level
Romania’s central bank cut all three of its policy rates on January 15, citing a rapid recent fall in inflation.
The National Bank of Romania (NBR) cut its main monetary policy rate by 25 basis points to 1.25%. The central bank also cut both of its supplementary policy rates by 25bp. It lowered the deposit facility rate to 0.75% and the lending facility rate to 1.75%.
The central bank’s monetary policy committee agreed to maintain the existing levels of mandatory reserves held by Romanian
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