The central bank also raised the interest rate for its deposit facility to 5.25% a year form 4.5% a year and the interest for its (Lombard) lending facility to 7.25% a year from 6.5% a year, applicable as of October 6, 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.
In August 2022, the country’s central bank raised its benchmark interest rate by 0.75 percentage points to 5.5% a year from 4.75% a year previously. In July 2022, the central bank increased its key rate by one percentage point to 4.75% a year from 3.75% a year previously.