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BNR could reduce the monetary policy interest at 4.25%
The National Bank of Romania (BNR) could reduce the monetary policy interest at 4.25% at the next meeting of the Board on issues of monetary policy of 30 September, according to the financial-banking analysts. The monetary policy interest could be reduced down to 4% in December 2013, according to the opinions expressed by the participants in the domestic survey in the Association of Financial-banking analysts of Romania (AAFBR).
The estimates of most analysts for December 2014 places the interest of monetary policy at the level of 4%, but there are participants in the survey who see the possible drop of the interest to 3.75%.
At the previous meeting of monetary policy in 5 August, the Board of BNR decided to reduce the rate of interest of monetary policy from 5% per year to 4.5% per year. The minimum compulsory reserves for liabilities in lei could be kept at the level of 15% by the end of the year 2013. In 2014 the minimum compulsory reserves for liabilities in lei could be reduced down to 12%.
The minimum compulsory reserves for liabilities in foreign currency could be kept at the level of 20% by the end of 2013. At the end of 2014, the minimum compulsory reserves for liabilities in foreign currency could be placed at the level of 20%, according to the estimates of most analysts, although there is a number of participants at the survey who see the possible diminution at 15%.
AAFBR is a professional association, set up in January 2008 and which reunites almost 60 analysts in the banking system, pensions funds, companies for management of investment, companies of insurances and on the capital market.