The inflation targeting strategy adopted by the NBR has the following characteristics:

1. a CPI-based inflation target, i.e. headline inflation, taking into account the general public's awareness and the need to ensure transparency and credibility of monetary policy decisions; 
2. target set as a midpoint within a target band of +/-1 percentage point aimed at better anchoring inflation expectations;
3. announcement of annual inflation targets for longer time horizons (initially two years), thereby emphasizing the focus of monetary policy on medium-term developments; 
4. maintenance of a managed float exchange rate regime; 
5. ex ante definition of a narrow set of circumstances ("exceptional circumstances") that are beyond the control of monetary policy and therefore circumscribe the responsibility of the National Bank of Romania for achieving the announced inflation targets;
6. joint formulation and announcement of inflation targets by the NBR and the government.