Central bank raises key rate to 2.25 pct per annum

The Board of the National Bank of Romania (BNR) has decided to raise the benchmark interest rate to 2.25 pct from 2 pct per annum beginning February 8, 2018, the central bank said in a release.

The monetary authority also decided to increase the deposit facility rate to 1.25 pct per annum from 1 pct per annum and to put up the lending facility rate to 3.25 pct per annum from 3 pct.

The minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions stay unchanged at the current level.

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