The National Bank of Romania is attempting to relaunch crediting

During the meeting from 30 September of the Administrative Board of the National Bank of Romania, it was decided to reduce the monetary policy interest to 3% from 3.25%, starting 01 October 2014

In 2014, the National Bank of Romania was an active presence on the financial-monetary market, making several adjustments to the monetary interest policy and to the mandatory minimum reserves. At the end of September, the Central Bank decided on the fourth reduction this year, after those in January, February and August, in the attempt to stimulate the crediting relaunch.

Nevertheless, in practice, any decision taken by the National Bank of Romania is mainly technical and could have a bigger economic impact only if supported by positive results in the economic field. The economy cannot be relaunched solely driven by the decisions of the National Bank of Romania.


For more information, please see the Romanian version of the article, here.