The Board of the National Bank of Romania (BNR) maintained its monetary policy interest rate at 1.75% per annum and also kept constant the minimum reserve requirement ratios for both leu- and foreign currency denomimated savings at the banks, reveals a release of the central bank received by energynomics.ro.

The Romanian interest rate kept steady since May 2015.

Neither the European Central Bank (ECB) will not change the current levels of interest, according to Erkki Liikanen, Council member. ECB keeps main interest rate currently at zero, although there is speculation that could rise from the current minus 0.4% to zero interest the rate on the deposit facility, according to Handelsblatt.

ECB’s main rate is at the current level since March 2016.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.