Romanian central bank board members voted 8/1 to keep key rate on hold at 1.75 pct at nov. 7 meeting - Minutes

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14 November 2017

Romanian central bank board members voted 8/1 to keep key rate on hold at 1.75 pct at nov. 7 meeting - Minutes

Board unanimously decided to maintain existing levels of minimum reserve requirement ratios on both RON- and foreign currency-denominated liabilities
Board decided with a majority of votes - 8 votes for, 1 vote against - to narrow the symmetrical corridor of interest rates
Members remark economic growth in 2017 was expected to accelerate markedly faster than previously anticipated, before slowing down more steeply in 2018 and losing momentum moderately in 2019
Household consumption would likely contribute more to economic growth in 2017-2018, whereas the contribution made by gross fixed capital formation could remain modest

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