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Analysts : BNR could reduce the monetary policy interest to 4%

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The BNR could reduce the monetary policy interest from 4.25% to 4% per year during the meeting of Tuesday, 5 November of the Board on monetary policy according to the financial-banking analysts who took part in an inside survey within the Association of Financial-banking analysts in Romania (AAFBR).

 

The National Bank of Romania reduced this year the rate of monetary policy interest in several stages, from the level of 5.25% per year, established in March 2012. The first cut of this year was at the beginning of July (from 5.25% to 5% per year) this being followed by another two adjustments, in August ( to 4.5% per year) and in October ( at 4.25% per year).A reduced number of participants at the survey see the possible keeping of the interest to 4.25% while other analysts take into consideration a diminution of the interest at 3.75% per year, and the estimates for the end of the year 2014 varies between 3% and 4%.

 

The minimum compulsory reserves for the liabilities in lei could be kept at the level of 15%in November, for next year to be diminished to 12% according to the opinions expressed. The estimates for the end of next year 2014 varies between 10% and 15%.

 

The minimum compulsory reserves for the liabilities for foreign currency could be kept at the level of 20% both for November 2013 as well as 2014, according to most analysts. The estimates for the end of 2014 vary between 15% and 20%.

 

AAFBR is a professional association set up in January 2008 and which reunites almost 60 analysts in the banking sector, pensions funds, investment management societies, insurance societies and the capital market.

 

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