Romanian and Zimbabwean central banks raise rates

Interest-rate

Romania: The board of the National Bank of Romania voted a 50bp increase to the policy rate on April 5, bringing it to 3%.

This was the NBR board’s fifth consecutive hike since October 2021 – the first three were 25bp increases, and the last two have been 50bp hikes. In total, the board has raised rates by 175bp in the last six months.

The board’s statement cited moderate but unexpected increases in year-on-year inflation, from 8.19% in December to 8.53% in February. The NBR has an inflation

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