Romania cen bank one-week rate rises to 50.19 pct .
BUCHAREST 1996-08-30
The National Bank of Romania ( BNR ) said its one-week refinancing rate has been lifted this week to 50.19 percent from 49 percent after two banks bids ' exceeded its offer at Thursday 's auction .
The two banks entered bids totalling 497.5 billion lei at rates ranging from 49 to 51 percent , against the BNR 's offer of 420 billion lei .
Traders said that over the past few days the two major banks , keen to meet minimum reserve targets , also chased funds on the money market , being ready to gulp short-term money at rates up to 49 percent .
Other banks traded one-week rates near 48 percent .
-- Bucharest Newsroom 40-1 3120264