National Bank of Romania decided to lower the monetary policy rate to 5.00 percent per annum

In its meeting of 1 July 2013, the Board of the National Bank of Romania decided:

• to lower the monetary policy rate to 5.00 percent per annum from 5.25 percent per annum starting 2 July 2013. Also starting with 2 July 2013, the interest rate on the NBR's lending facility (Lombard) will be lowered to an annual 8.0 percent from 8.25 percent, while its deposit facility rate will stand at 2.0 percent per annum versus 2.25 percent previously. 
• to ensure adequate liquidity management in the banking system; and 
• to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.

The NBR closely monitors domestic and global economic developments so as, via the gradual adjustment of the monetary policy conduct and the adequate use of its instruments, to achieve price stability over the medium term and financial stability.