Banca Naţională a României

09/02/2023

NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios.

10/01/2023

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 7% p.a. from 6.75% p.a. starting 11 Jan. 2023, to raise the lending facility rate to 8% p.a. from 7.75% & the deposit facility rate to 6p.a. from 5.75% p.a. and to keep the existing levels of minimum reserve requirement ratios.

08/11/2022

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 6.75% p.a. from 6.25% p.a. starting 9 Nov. 2022, to raise the lending facility rate to 7.75% p.a. from 7.25% & the deposit facility rate to 5.75p.a. from 5.25% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.

05/10/2022

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 6.25% p.a. from 5.50% p.a. starting 6 Oct. 2022, to raise the lending facility rate to 7.25% p.a. from 6.50% & the deposit facility rate to 5.25p.a. from 4.50% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.

05/08/2022

NBR Board decisions on monetary policy
The NBR Board decided to increase the monetary policy rate to 5.50% p.a. from 4.75% p.a., to raise the lending (Lombard) facility rate to 6.50% p.a. from 5.75% p.a. and the deposit facility rate to 4.50% p.a. from 3.75% p.a.; to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios

06/07/2022

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 4.75% p.a. from 3.75% p.a. starting 7 July 2022, to raise the lending facility rate to 5.75% p.a. from 4.75% & the deposit facility rate to 3.75 p.a. from 2.75% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.

10/05/2022

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 3.75% p.a. from 3.00% p.a. starting 11 May 2022, to raise the lending facility rate to 4.75% p.a. from 4.00 % & the deposit facility rate to 2.75 p.a. from 2.00% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.

05/04/2022

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 3% p.a. from 2.50% p.a. starting 6 Apr. 2022, to raise the lending facility rate to 4% p.a. from 3.50% & the deposit facility rate to 2 p.a. from 1.50% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.

09/02/2022

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 2.50% p.a. from 2.00% p.a. starting 10 Feb. 2022, to raise the lending facility rate to 3.50% p.a. from 3.00% & the deposit facility rate to 1.50p.a. from 1.00% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.

10/01/2022

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 2.00% p.a. from 1.75% p.a. starting 11 Jan. 2022, to extend the symmetric corridor of interest rates on standing facilities around the policy rate to ±1.00 percentage point from ±0.75, to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios

09/11/2021

NBR Board decisions on monetary policy
The NBR Board decided to increase the monetary policy rate to 1.75% p.a. from 1.50% p.a. as of 10 Nov. 2021, to extend the symmetric corridor of interest rates on standing facilities around the policy rate to ±0.75 percentage points from ±0.50, to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios

05/10/2021

NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 1.50% p.a. from 1.25% p.a. starting 6 October 2021, to raise the deposit facility rate at 1% p.a. from 0.75% p.a. and the lending facility rate at 2% p.a. from 1.75% p.a. and to maintain the existing levels of minimum reserve requirements

06/08/2021

NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements

07/07/2021

NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements

12/05/2021

NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements

15/03/2021

NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements

15/01/2021

NBR Board decisions on monetary policy
The NBR Board decided to cut the monetary policy rate to 1.25% p.a. from 1.50% p.a. starting 18 January 2021, to lower the deposit facility rate at 0.75% p.a. from 1% and the lending facility rate at 1.75% p.a. from 2.00% p.a.; to maintain the existing levels of minimum reserve requirements

12/11/2020

The NBR's primary objective is to ensure and maintain price stability.

Press Releases of the Board of the National Bank of Romania

Monetary Policy Decisions