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October 31, 2020

BNR keeps monetary policy rate unchanged at 1.75pct p.a.

The Administration Board of the National Bank of Romania (BNR) on Tuesday decided to keep unchanged the monetary policy rate at 1.75 percent per annum, according to a BNR press statement.

“Starting 8 November 2017, the deposit facility rate rises to 0.75 percent per annum, while the interest rate on the BNR’s lending facility is lowered to an annual 2.75 percent.”

The BNR board also decided 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.

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