Romania central bank to leave key rate unchanged at 6.25%

AAFBR said most of the polled analysts expect the key monetary policy rate to remain at the record low of 6.25% until the end of 2011. Previous estimations pointed to a 50 basis points reduction to 5.75%. All analysts expect the central bank will keep the minimum reserve requirements unchanged at 15% for Romanian lei and at 25% for hard currency. The central bank cut its key rate in four steps last year, from 8% at the end of 2009, while keeping the minimum reserve requirements unchanged for both local and foreign currency liabilities.

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