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Banca Naţională a României
The NBR's primary objective is to ensure and maintain
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Press releases
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Monetary Policy
Press Releases of the Board of the National Bank of Romania
Monetary Policy Decisions
08/11/2024
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 6.5% p.a., to leave unchanged the lending (Lombard) facility rate at 7.5% p.a., the deposit facility rate at 5.5% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
04/10/2024
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 6.5% p.a., to leave unchanged the lending (Lombard) facility rate at 7.5% p.a., the deposit facility rate at 5.5% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
07/08/2024
NBR Board decisions on monetary policy
The NBR Board decided to cut the monetary policy rate at 6.50% p.a., to lower the lending (Lombard) facility rate at 7.50% p.a., the deposit facility rate at 5.50% p.a. and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
05/07/2024
NBR Board decisions on monetary policy
The NBR Board decided to cut the monetary policy rate at 6.75% p.a., to lower the lending (Lombard) facility rate at 7.75% p.a., the deposit facility rate at 5.75% p.a. and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
13/05/2024
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending (Lombard) facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
04/04/2024
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending (Lombard) facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
13/02/2024
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending (Lombard) facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
12/01/2024
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending (Lombard) facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
08/11/2023
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending (Lombard) facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions
05/10/2023
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending (Lombard) facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions
Archive
07/08/2023
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios.
05/07/2023
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios.
10/05/2023
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios.
04/04/2023
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios.
09/02/2023
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate at 7% p.a., to leave unchanged the lending facility rate at 8% p.a., the deposit facility rate at 6% p.a. and to keep the existing levels of minimum reserve requirement ratios.
10/01/2023
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 7% p.a. from 6.75% p.a. starting 11 Jan. 2023, to raise the lending facility rate to 8% p.a. from 7.75% & the deposit facility rate to 6p.a. from 5.75% p.a. and to keep the existing levels of minimum reserve requirement ratios.
08/11/2022
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 6.75% p.a. from 6.25% p.a. starting 9 Nov. 2022, to raise the lending facility rate to 7.75% p.a. from 7.25% & the deposit facility rate to 5.75p.a. from 5.25% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.
05/10/2022
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 6.25% p.a. from 5.50% p.a. starting 6 Oct. 2022, to raise the lending facility rate to 7.25% p.a. from 6.50% & the deposit facility rate to 5.25p.a. from 4.50% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.
05/08/2022
NBR Board decisions on monetary policy
The NBR Board decided to increase the monetary policy rate to 5.50% p.a. from 4.75% p.a., to raise the lending (Lombard) facility rate to 6.50% p.a. from 5.75% p.a. and the deposit facility rate to 4.50% p.a. from 3.75% p.a.; to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios
06/07/2022
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 4.75% p.a. from 3.75% p.a. starting 7 July 2022, to raise the lending facility rate to 5.75% p.a. from 4.75% & the deposit facility rate to 3.75 p.a. from 2.75% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.
10/05/2022
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 3.75% p.a. from 3.00% p.a. starting 11 May 2022, to raise the lending facility rate to 4.75% p.a. from 4.00 % & the deposit facility rate to 2.75 p.a. from 2.00% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.
05/04/2022
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 3% p.a. from 2.50% p.a. starting 6 Apr. 2022, to raise the lending facility rate to 4% p.a. from 3.50% & the deposit facility rate to 2 p.a. from 1.50% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.
09/02/2022
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 2.50% p.a. from 2.00% p.a. starting 10 Feb. 2022, to raise the lending facility rate to 3.50% p.a. from 3.00% & the deposit facility rate to 1.50p.a. from 1.00% p.a., to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios.
10/01/2022
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 2.00% p.a. from 1.75% p.a. starting 11 Jan. 2022, to extend the symmetric corridor of interest rates on standing facilities around the policy rate to ±1.00 percentage point from ±0.75, to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios
09/11/2021
NBR Board decisions on monetary policy
The NBR Board decided to increase the monetary policy rate to 1.75% p.a. from 1.50% p.a. as of 10 Nov. 2021, to extend the symmetric corridor of interest rates on standing facilities around the policy rate to ±0.75 percentage points from ±0.50, to maintain firm control over money market liquidity and to keep the existing levels of minimum reserve requirement ratios
05/10/2021
NBR Board decisions on monetary policy
The NBR Board decided to raise the monetary policy rate to 1.50% p.a. from 1.25% p.a. starting 6 October 2021, to raise the deposit facility rate at 1% p.a. from 0.75% p.a. and the lending facility rate at 2% p.a. from 1.75% p.a. and to maintain the existing levels of minimum reserve requirements
06/08/2021
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements
07/07/2021
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements
12/05/2021
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements
15/03/2021
NBR Board decisions on monetary policy
The NBR Board decided to keep the monetary policy rate to 1.25% p.a., to leave unchanged the deposit facility rate at 0.75% p.a. and the lending facility rate at 1.75% p.a.; to maintain the existing levels of minimum reserve requirements
15/01/2021
NBR Board decisions on monetary policy
The NBR Board decided to cut the monetary policy rate to 1.25% p.a. from 1.50% p.a. starting 18 January 2021, to lower the deposit facility rate at 0.75% p.a. from 1% and the lending facility rate at 1.75% p.a. from 2.00% p.a.; to maintain the existing levels of minimum reserve requirements
12/11/2020
NBR Board decisions on monetary policy
05/08/2020
NBR Board decisions on monetary policy
29/05/2020
NBR Board decisions on monetary policy
20/03/2020
NBR Board decisions on monetary policy
07/02/2020
NBR Board decisions on monetary policy
08/01/2020
NBR Board decisions on monetary policy
06/11/2019
NBR Board decisions on monetary policy
03/10/2019
NBR Board decisions on monetary policy
05/08/2019
NBR Board decisions on monetary policy
04/07/2019
NBR Board decisions on monetary policy
15/05/2019
NBR Board decisions on monetary policy
02/04/2019
NBR Board decisions on monetary policy
07/02/2019
NBR Board decisions on monetary policy
08/01/2019
NBR Board decisions on monetary policy
06/11/2018
NBR Board decisions on monetary policy
03/10/2018
NBR Board decisions on monetary policy
06/08/2018
NBR Board decisions on monetary policy
04/07/2018
NBR Board decisions on monetary policy
07/05/2018
NBR Board decisions on monetary policy
04/04/2018
NBR Board decisions on monetary policy
07/02/2018
NBR Board decisions on monetary policy
08/01/2018
NBR Board decisions on monetary policy
07/11/2017
NBR Board decisions on monetary policy
03/10/2017
NBR Board decisions on monetary policy
04/08/2017
NBR Board decisions on monetary policy
03/07/2017
NBR Board decisions on monetary policy
05/05/2017
NBR Board decisions on monetary policy
05/04/2017
NBR Board decisions on monetary policy
07/02/2017
NBR Board decisions on monetary policy
06/01/2017
NBR Board decisions on monetary policy
04/11/2016
NBR Board decisions on monetary policy
30/09/2016
Press Release of the Board of the National Bank of Romania
04/08/2016
Press Release of the Board of the National Bank of Romania
30/06/2016
Press Release of the Board of the National Bank of Romania
05/05/2016
Press Release of the Board of the National Bank of Romania
31/03/2016
Press Release of the Board of the National Bank of Romania
05/02/2016
Press Release of the Board of the National Bank of Romania
07/01/2016
Press Release of the Board of the National Bank of Romania
05/11/2015
Press Release of the Board of the National Bank of Romania
30/09/2015
Press Release of the Board of the National Bank of Romania
04/08/2015
Press Release of the Board of the National Bank of Romania
01/07/2015
Press Release of the Board of the National Bank of Romania
06/05/2015
Press Release of the Board of the National Bank of Romania
31/03/2015
Press Release of the Board of the National Bank of Romania
04/02/2015
Press Release of the Board of the National Bank of Romania
07/01/2015
Press Release of the Board of the National Bank of Romania
04/11/2014
Press Release of the Board of the National Bank of Romania
30/09/2014
Press Release of the Board of the National Bank of Romania
04/08/2014
Press Release of the Board of the National Bank of Romania
01/07/2014
Press Release of the Board of the National Bank of Romania
06/05/2014
Press Release of the Board of the National Bank of Romania
28/03/2014
Press Release of the Board of the National Bank of Romania
04/02/2014
Press Release of the Board of the National Bank of Romania
08/01/2014
Press Release of the Board of the National Bank of Romania
05/11/2013
Press Release of the Board of the National Bank of Romania
30/09/2013
Press Release of the Board of the National Bank of Romania
05/08/2013
Press Release of the Board of the National Bank of Romania
01/07/2013
Press Release of the Board of the National Bank of Romania
02/05/2013
Press Release of the Board of the National Bank of Romania
28/03/2013
Press Release of the Board of the National Bank of Romania
05/02/2013
Press Release of the Board of the National Bank of Romania
07/01/2013
Press Release of the Board of the National Bank of Romania
02/11/2012
Press Release of the Board of the National Bank of Romania
27/09/2012
Press Release of the Board of the National Bank of Romania
02/08/2012
Press Release of the Board of the National Bank of Romania
27/06/2012
Press Release of the Board of the National Bank of Romania
02/05/2012
Press Release of the Board of the National Bank of Romania
29/03/2012
Press Release of the Board of the National Bank of Romania
02/02/2012
Press Release of the Board of the National Bank of Romania
05/01/2012
Press Release of the Board of the National Bank of Romania
02/11/2011
Press Release of the Board of the National Bank of Romania
29/09/2011
Press Release of the Board of the National Bank of Romania
03/08/2011
Press Release of the Board of the National Bank of Romania
29/06/2011
Press Release of the Board of the National Bank of Romania
03/05/2011
Press Release of the Board of the National Bank of Romania
31/03/2011
Press Release of the Board of the National Bank of Romania
03/02/2011
Press Release of the Board of the National Bank of Romania
05/01/2011
Press Release of the Board of the National Bank of Romania
02/11/2010
Press Releases of the Board of the National Bank of Romania
29/09/2010
Press Releases of the Board of the National Bank of Romania
04/08/2010
Press Releases of the Board of the National Bank of Romania
30/06/2010
Press Releases of the Board of the National Bank of Romania
04/05/2010
Press Releases of the Board of the National Bank of Romania
29/03/2010
Press Releases of the Board of the National Bank of Romania
03/02/2010
Press Releases of the Board of the National Bank of Romania
05/01/2010
Press Releases of the Board of the National Bank of Romania
16/11/2009
Press Release of the Board of the National Bank of Romania
03/11/2009
Press Release of the Board of the National Bank of Romania
29/09/2009
Press Release of the Board of the National Bank of Romania
04/08/2009
Press Release of the Board of the National Bank of Romania
30/06/2009
Press Release of the Board of the National Bank of Romania
06/05/2009
Press Release of the Board of the National Bank of Romania
31/03/2009
Press Release of the Board of the National Bank of Romania
04/02/2009
Press Release of the Board of the National Bank of Romania
15/01/2009
Press Release of the Board of the National Bank of Romania
06/01/2009
Press Release of the Board of the National Bank of Romania
30/10/2008
Press Release of the Board of the National Bank of Romania
25/09/2008
Press Release of the Board of the National Bank of Romania
31/07/2008
Press Release of the Board of the National Bank of Romania
26/06/2008
Press Release of the Board of the National Bank of Romania
06/05/2008
Press Release of the Board of the National Bank of Romania
26/03/2008
Press Release of the Board of the National Bank of Romania
04/02/2008
Press Release of the Board of the National Bank of Romania
07/01/2008
Press Release of the Board of the National Bank of Romania
31/10/2007
Press Release of the Board of the National Bank of Romania
26/09/2007
Press Release of the Board of the National Bank of Romania
31/07/2007
Press Release of the Board of the National Bank of Romania
31/07/2007
Press Release of the Board of the National Bank of Romania
25/06/2007
Press Release of the Board of the National Bank of Romania
02/05/2007
Press Release of the Board of the National Bank of Romania
26/03/2007
Press Release of the Board of the National Bank of Romania
09/02/2007
Press Release of the Board of the National Bank of Romania
28/12/2006
Press Release of the Board of the National Bank of Romania
10/11/2006
Press Release of the Board of the National Bank of Romania
27/09/2006
Press Release of the Board of the National Bank of Romania
09/08/2006
Press Release of the Board of the National Bank of Romania
27/06/2006
Press Release of the Board of the National Bank of Romania
11/05/2006
Press Release of the Board of the National Bank of Romania
27/03/2006
Press Release of the Board of the National Bank of Romania
08/02/2006
Press Release of the Board of the National Bank of Romania
21/12/2005
Press Release of the Board of the National Bank of Romania
09/11/2005
Press Release of the Board of the National Bank of Romania
21/09/2005
Press Release of the Board of the National Bank of Romania
08/08/2005
Press Release of the Board of the National Bank of Romania
08/07/2005
Press Release of the Board of the National Bank of Romania
11/04/2005
The NBR Board has decided to set the policy rate at 12.5 percent, two percentage points below the previous level
14/03/2005
The NBR Board has decided to cut the policy rate to 14.5 percent and keeps inflation target for 2005 at 7 percent
14/02/2005
The NBR Board decided to cut the policy rate to 15.75 percent; to broaden the reserve base of foreign exchange liabilities for which banks set up required reserves with the NBR and to increase the interest rate on USD-denominated required reserves of banks
17/01/2005
The NBR Board decided to cut the policy rate by 0.5 of a percentage point to 16.5 percent
19/12/2004
The NBR Board decided to cut the policy rate by 0.75 of a percentage point to 17.0 percent
22/11/2004
The NBR Board decided to cut the policy rate by half of a percentage point to 17.75 percent
02/11/2004
The National Bank of Romania Board has decided to pursue a more flexible exchange rate and to lower the policy rate by half of a percentage point
30/08/2004
The National Bank of Romania Board has decided to lower the policy rate by half of a percentage point
06/08/2004
NBR has decided to lower the policy rate by 0.75 of a percentage point and to increase to 30 percent the required reserve ratio on deposits in foreign exchange
12/07/2004
NBR has decided to lower the policy rate by 0.75 of a percentage point
07/06/2004
NBR has decided to lower the policy rate by half of a percentage point
20/11/2003
NBR raised policy rate by 1pp
20/11/2003
Press Release of the Board of the National Bank of Romania
06/10/2003
NBR Board decided to increase policy rate by one percentage point
06/10/2003
Press Release of the Board of the National Bank of Romania