Romania's central bank cuts monetary policy rate by 0.25 percentage points, to a record low of 6.25%

The central lender slashed the benchmark rate from 8 to 7.5 percent in January and to 7 percent in February. In March, the board of BNR decided to follow the same trend and reduced the key interest rate to 6.5 percent a year.

BNR maintained the minimum mandatory reserves at the current levels, of 15 percent for the lei passives and of 25 percent for those in foreign currency, and mentioned it will continue to manage properly the liquidity in the banking system.