The central bank board also decided to leave the (Lombard) lending facility rate unchanged at 8% per year and the deposit facility rate unchanged at 6%, respectively, the central bank said in its statement regarding monetary policy decisions.
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 2023, the country’s central bank kept the key interest rate at 7% for seven consecutive times, a level it had reached in early 2023 after eight other increases in 2022.