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Central bank increases key interest by 3pct per annum
The Board of the National Bank of Romania (BNR), which met on April 5, 2022, decided to increase the monetary policy rate to 3.00 percent per annum, from 2.50 percent per annum, as of 6 April 2022, and to maintain the firm control over money market liquidity, informs the central bank.
"The Board of the National Bank of Romania, having convened for the meeting of 5 April 2022, decided: to increase the monetary policy rate to 3.00 percent per annum, from 2.50 percent per annum, as of 6 April 2022; to raise the lending (Lombard) facility rate to 4.00 percent per annum from 3.50 percent per annum and the deposit facility rate to 2.00 percent per annum from 1.50 percent per annum, as of 6 April 2022; to maintain firm control over money market liquidity," reads the abovementioned press release.
At the same time, the representatives of the BNR Board decided to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.