Earlier Wednesday, the central bank cut the key monetary policy rate by 25 basis points to a record low of 3.75%. At the same time, the bank lowered the minimum reserve requirement ratios to 12% from 15% for the leu-denominated liabilities, and to 18% from 20% for the foreign-currency liabilities.
“We still have bullets, if one’s looking only at the minimum reserves, which are really high. The key rate is very high, too,” said Isarescu.
“Of course, we won’t base a decision on what happens in Poland and Hungary, we are looking at the real economy.”
The governor said capital inflows or outflows of 3-4-5 billion euro, which are negligible at international level, can really affect the Romanian economy.
However, Isarescu added, Romania relatively easy paid last year between EUR5 billion and EUR6 billion of its debt.
“We want to preserve financial stability and price stability and contribute, with the monetary policy, to the economy’s sustainable growth.”