Press Release of the Board of the National Bank of Romania
20.11.2003
In line with its proactive action strategy, which was announced already in August, aiming to reach an inflation target of 14 percent in 2003 and of 9 percent in 2004,
the National Bank of Romania has decided to increase the policy rate by one percentage point from 20.25 percent to 21.25 percent, starting 20 November 2003.