BNR governor Mugur Isarescu declared on March 26 it would be wise for the central bank to exclude long-term passives when calculating minimum mandatory reserves. Thus, by modifying the calculus base, the level of the reserves would also be reduced.
“This way we help the long-term financing as well, which will support lending, and we reduce the banks' discomfort of having short-term passives,” explained Isarescu.
The passives of banks stem from deposits of clients and from other types of financing which can be used to grant loans.
