National Bank of Romania keeps monetary policy rate unchanged at 6¼%

By Susanna Moon

Chicago, June 29 - The National Bank of Romania's board decided to maintain its monetary policy rate at 6¼% at its meeting on Wednesday.

The board also will aim to ensure adequate management of liquidity in the banking system and decided to maintain the minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions, according to a bank press release.

The annual inflation rate rose to 8.41% in May, up from 8.34% in April.

The inflation outlook continues to present risks, with the developments in international commodity prices and the sovereign debt crisis, as well as the possible second-round effects from the supply-side shocks, the release noted.

The bank's next policy meeting is set for Aug. 3.

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