National Bank of Romania
August 4, 2017
NBR Board members agreed to leave Romania’s 1.75% key interest rate unchanged and released a statement that updated macroeconomic forecasts, observed new uncertainties, noted that inflation had risen in June but, at 0.85%, remained below the 2.5% medium-term target, and reiterated confidence that inflation will trend toward that objective.
The new scenario of the projection reconfirms the prospects for a speed-up in inflation throughout the forecast interval. Compared to the previous Report, the rising path of the projected annual inflation rate was revised upwards over the entire forecast period, particularly in the short term, remaining, however, within the variation band of the target.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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