Romanian central bank cuts rates as inflation falls

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National Bank of Romania

The National Bank of Romania

Romania’s central bank cut all three of its policy rates on January 15, citing a rapid recent fall in inflation.

The National Bank of Romania (NBR) cut its main monetary policy rate by 25 basis points to 1.25%. The central bank also cut both of its supplementary policy rates by 25bp. It lowered the deposit facility rate to 0.75% and the lending facility rate to 1.75%.

The central bank’s monetary policy committee agreed to maintain the existing levels of mandatory reserves held by Romanian

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