National Bank of Romania
September 30, 2015
Romania’s monetary policy rate will remain at 1.75%. Four 25-basis point cuts were undertaken this year by May 6 on top of 125 basis points of reduction last year. CPI inflation was just 0.3% last month, well below target. A released statement speaks of balancing the prospect of more disinflation in the near term with a possible “build-up of medium-term inflationary pressures stemming from the still uncertain prospects of the fiscal policy stance and of the match between wage increases and labor productivity gains, as well as from global developments, likely to affect investor perception towards the Romanian economy.”
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