The Romanian Central Bank (BNR) increased the interest rate for minimum obligatory reserves of commercial banks for the national currency (Romanian Leu - RON) and decreased the interest rates for obligatory reserves in US dollars, in an attempt to make RON loans more attractive.
The interest rate for RON deposits increased 0.45%, up to 3.05%, while the interest for US dollar reserves decreased 0.85%, to the same 3.05%.
According to BNR regulations, commercial banks must have reserves covering at least 40% of the foreign convertible currency passive assets and of at least 20% of the resources attracted in RON for less than 2 years, as well as for passive resources with anticipated refund clauses. The Romanian Central Bank (BNR) increased the interest rate for minimum obligatory reserves of commercial banks for the national currency (Romanian Leu - RON) and decreased the interest rates for obligatory reserves in US dollars, in an attempt to make RON loans more attractive.
The interest rate for RON deposits increased 0.45%, up to 3.05%, while the interest for US dollar reserves decreased 0.85%, to the same 3.05%.
According to BNR regulations, commercial banks must have reserves covering at least 40% of the foreign convertible currency passive assets and of at least 20% of the resources attracted in RON for less than 2 years, as well as for passive resources with anticipated refund clauses.
