The Administration Council of National Bank of Romania (BNR) decided this Tuesday the maintenance of monetary policy rate at 1.75 pct per annum, according to a release of the institution.

„Starting  November 8, the deposit facility rate rises to 0.75 percent per annum, while the interest rate on the BNR’s lending facility is lowered to an annual 2.75 percent,” says the release.

Also, the Council decided to to ensure firm liquidity management in the banking system and to maintain the existing levels of minimum reserve requirement ratios on both RON and foreign currency, denominated liabilities of credit institutions.

The BNR governor held a press conference at 3 PM based on the decisions of the Council.