Romania's central bank keeps the key rate and minimum mandatory reserves at the current levels

BNR already cut the key rate by 0.5 percentage points three times this year, from 8 to 6.5 percent, and once by 0.25 percentage points, to the current level of 6.25 percent a year.

This decision was anticipated by all the analysts of the Association of Financial-Banking Analysts in Romania (AAFBR) that participated at the survey published by the association on Tuesday.

The central bank also maintained the level of minimum mandatory reserves at 15 percent for the lei passives and at 25 percent for those in foreign currency.

BNR settled an inflation target of 3.5 percent for the end of 2010, take or leave one percentage point. However, it raised the inflation prognosis from 3.7 to 7.8 percent after the VAT increase at the beginning of July. In 2009, BNR missed the inflation target for the third time in a row. Daca ti-a placut articolul, urmareste MONEY.ro pe FACEBOOK!