National Bank of Romania Keeps 1.75% Interest Rate
February 7, 2017
Romania’s 25-basis point central bank rate reduction in May 2015 was its ninth and last such cut since the start of 2014. The latest monetary policy review observed inflation to still lie below zero and sees a somewhat less inclining uptrend than imagined before “due mainly to new disinflationary supply-side shocks that emerged from November 2016 to February 2017.” Inflation “is seen re-entering the variation band of the flat target towards the end of 2017 and climbing into the upper half of this band at the beginning of 2018 to reach higher-than-previously-forecast levels.”
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Tags: National Bank of Romania