11.05.2022

ROMANIA: THE CENTRAL BANK HAS DECIDED TO RAISE ITS KEY INTEREST RATE TO 3.75 PER CENT

The Council of the National Bank of Romania (NBR) has decided to raise its key interest rate to 3.75 percent per year from 3 percent a year before, as of May 11, 2022, the central bank said.

At the same time, the representatives of the institution decided to raise the interest rate for the credit facility (Lombard) to 4.75 per year compared to 4 percent, and also to raise the interest rate on deposits to 2.75 percent per year compared to 2 percent per year.