BUCHAREST Jan 8 Romania's central bank cut its
benchmark interest rate by a quarter point to a new record low
of 3.75 percent on Wednesday, underpinned by low inflation and
weak lending but stepping closer to the end of an easing cycle.
The bank also decided to cut its minimum reserve
requirements for both leu currency and hard currency liabilities
to 12 and 18 percent, from 15 and 20 percent respectively, which
is expected to boost market liquidity.
The central bank has cut rates by 150 basis points since
July. It started its easing cycle later than its emerging
European peers due to persistently high inflation. Wednesday's
cut was in line with analysts' expectations.
(Reporting by Luiza Ilie; Editing by Radu Marinas)