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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Romania’s National Bank maintains discretionary monetary board calendar

Romania's National Bank (BNR) decided to keep the monetary policy meetings calendar suspended this year, motivating the economic uncertainties.

BNR has already deferred its first meeting initially planned for January 8.

Falling inflation and sluggish recovery outlook support further monetary policy rate cuts (from 1.5% currently).

"Given the high degree of uncertainty of economic and financial developments, the BNR Board decided to suspend the calendar of monetary policy meetings. The meetings will take place whenever necessary," reads an announcement on the BNR website, quoted by Bankingnews.ro.

The central bank initially adopted this measure in March last year, when the COVID-19 crisis hit Romania.

In its latest inflation forecast, the BNR envisaged 2.5% annual inflation at the end of 2021, which is at the center of its inflation target band. Romania's headline consumer price inflation further eased to 2.1% year-on-year in November from 2.2% yoy in October.

Given the subdued economic recovery and the Government's financing needs, expectations for a monetary policy rate cut at the BNR's next board meeting (expected for January 8) were rising. The BNR made its latest rate cut in August. At that time, it was expecting 2.6% year end inflation in December 2020.

iulian@romania-insider.com

(Photo source: lcva/Dreamstime.com)

Normal
Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Romania’s National Bank maintains discretionary monetary board calendar

Romania's National Bank (BNR) decided to keep the monetary policy meetings calendar suspended this year, motivating the economic uncertainties.

BNR has already deferred its first meeting initially planned for January 8.

Falling inflation and sluggish recovery outlook support further monetary policy rate cuts (from 1.5% currently).

"Given the high degree of uncertainty of economic and financial developments, the BNR Board decided to suspend the calendar of monetary policy meetings. The meetings will take place whenever necessary," reads an announcement on the BNR website, quoted by Bankingnews.ro.

The central bank initially adopted this measure in March last year, when the COVID-19 crisis hit Romania.

In its latest inflation forecast, the BNR envisaged 2.5% annual inflation at the end of 2021, which is at the center of its inflation target band. Romania's headline consumer price inflation further eased to 2.1% year-on-year in November from 2.2% yoy in October.

Given the subdued economic recovery and the Government's financing needs, expectations for a monetary policy rate cut at the BNR's next board meeting (expected for January 8) were rising. The BNR made its latest rate cut in August. At that time, it was expecting 2.6% year end inflation in December 2020.

iulian@romania-insider.com

(Photo source: lcva/Dreamstime.com)

Normal
 

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