Romanian central bank accelerates policy tightening

Board raises rates by 50bp and warns liberalised energy prices are likely to boost inflation further

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.