The central bank also raised the interest rate for its deposit facility to 4.50% a year from 3.75% a year and the interest for its (Lombard) lending facility to 6.50% a year from 5.75% a year, applicable as of August 8, the central bank said in a statement.
The bank also decided to keep a tight grip on money market liquidity and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
The country’s central bank last raised its benchmark interest rate in July 2022, to 4.75% a year from 3.75% a year.