Another Romanian Interest Rate Hike

January 10, 2023

The tenth increase of the current tightening cycle in the National Bank of Romania‘s interest rate was undertaken today. The incremental rise was lowered to 25 basis points from the prior increases of 75 basis points in October and 50 bps in November. Tightening began in October 2021 from a base of 1.25%, but the new rate level of 7.0% remains well shy of CPI inflation, which at 16.8% as of November was the most since early 2003.

Copyright 2023, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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This entry was posted on Tuesday, January 10th, 2023 at 8:25 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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