The central bank kept the interest rate for its deposit facility at 1% a year and raised the interest for its (Lombard) lending facility to 2.5% a year from 2% a year, applicable as of November 10, 2021, the central bank said in a statement.
It also decided to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
The central bank’s decisions aim to bring back and maintain the annual inflation rate in line with the 2.5 percent ±1 percentage point flat inflation target, inter alia via the anchoring of inflation expectations over the longer time horizon, in a manner conducive to achieving sustainable economic growth in the context of the fiscal consolidation process, while safeguarding financial stability.