Romanian MPC hikes rates again

National Bank of Romania warns of considerable uncertainty over future inflation levels

National Bank of Romania
The National Bank of Romania
Photo: National Bank of Romania

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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