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.