The central bank also raised the interest rate for its deposit facility to 6% a year form 5.75% a year and the interest for its (Lombard) lending facility to 8% a year from 7.75% a year, applicable as of January 11, 2023, 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 the previous monetary policy meeting of November 2022, Romania’s central bank raised the key rate by 0.50% to 6.75% a year from 6.25% a year after having raised it by 0.75% in October to 6.25% a year from 5.5% a year.