In its meeting of 7 November 2017, the Board of the National Bank of Romaniadecided the following:
• to keep unchanged the monetary policy rate at 1.75 percent per annum;
• to narrow the symmetrical corridor of interest rates on the NBR’s standing facilities around the policy rate to ±1.00 percentage points from ±1.25 percentage points. Thus, starting 8 November2017, the deposit facility rate rises to 0.75 percent per annum, while the interest rate on the NBR’s lending facility is lowered to an annual 2.75 percent;
• to ensure firm liquidity management in the banking system; and
• to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
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