Romanian MPC hikes rates again
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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