Romania National Bank cuts key rate to 5.5 pct

The National Bank of Romania's (BNR) Board of Directors at a meeting on Thursday decided to cut the key interest rate 0.25 percent to 5.50 percent from 5.75 percent starting Feb. 3, 2012, the BNR announced in a release. The Board of Directors also decided to keep the current levels of the compulsory minimum reserve rates applicable to the leu- and forex liabilities of the crediting institutions. The BNR Board of Directors on Thursday examined and approved the Quarterly Report on Inflation, a ...

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