Romanian central bank accelerates policy tightening

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

The National Bank of Romania’s board raised its main policy rate for the fourth consecutive meeting, in the biggest hike of its current cycle.

The nine-member board raised the monetary policy rate by 50 basis points to 2.5%, having raised it by 25bp at the three previous meetings. It published a revised forecast showing “a considerable worsening of the short-term outlook for inflation”, driven mainly by supply-side shocks, mainly from energy prices.

The central bank said it expected annual

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