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Romanian MPC hikes rates again
National Bank of Romania warns of considerable uncertainty over future inflation levels
![National Bank of Romania National Bank of Romania](/sites/default/files/styles/landscape_750_463/public/2019-07/National%20Bank%20of%20Romania%202.jpg.webp?h=b9e1cbfb&itok=XW01Chdt)
The Romanian central bank carried out its third consecutive rate increase on January 10, as inflation remained above target.
The National Bank of Romania’s nine-member monetary policy committee raised the policy rate by 25 basis points to 2%, following equal rises in October and November. It also again raised the Lombard rate to 3.00% from 2.5%, while keeping the deposit facility rate at 1%. The MPC kept banks’ reserve ratios at their previous levels.
Inflation remains well above the central
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