Romania’s central bank keeps monetary policy at 6.5%
The National Bank of Romania (BNR), on October 8, in line with expectations, kept the monetary policy rate at 6.5% amid the “above-expectations transitory effects” of the expiry of the electricity price-capping scheme in July and the VAT…
iulian ernst · Journalist
· Updated · 2 min read
The National Bank of Romania (BNR), on October 8, in line with expectations, kept the monetary policy rate at 6.5% amid the “above-expectations transitory effects” of the expiry of the electricity price-capping scheme in July and the VAT rate hike and higher excise duties in August that reshaped the inflation trajectory over the next year.
The BNR expects the annual inflation rate to reach a plateau at the end of Q3 and decrease “very slowly” over the following three months.
