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.
On January 10, 2023, at its first monetary policy meeting of 2023, Romania’s central bank raised its benchmark interest rate by 0.25% percentage points to 7% a year from the previous rate of 6.75% a year.