National Bank of Romania Leaves Policy Stance Unchanged
November 4, 2016
The last change of Romania’s monetary policy rate was a 25-basis point cut in May 2015 that culminated a string of nine such reductions since the start of 2014. A statement released after the NBR’s latest review notes that CPI inflation will probably not rise above zero until early 2017 but projected a further increase to the upper half of the targeted range by the end of the forecast horizon. GDP has accelerated, and monetary conditions in Romania are stimulative. Neither the reserve requirement nor the policy interest rate were changed at this last scheduled meeting of 2016. The next meeting is set for January 6.
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Tags: National Bank of Romania