Romania continues monetary tightening
The National Bank of Romania increased its policy rate today (November 9) by 25 basis points to 1.75%. This was the second consecutive hike by the NBR’s nine-member board, after a 25bp increase in October. The central bank also raised the Lombard rate by 50bp, to 2.5%.
The central bank acted as inflation readings continued to rise, reaching 6.3% in September, up from 5.3% in August. Annual adjusted core inflation reached 3.6%, up from 2.9% in August. The NBR’s inflation target is 2.5%, plus or
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