Romanian Central Bank keeps key interest rate at 6.25%
The IMF mission chief in Romania, Jeffrey Franks, said that the central bank could be forced to increase the key interest rate this year, in order to combat the effects of possible price increases in the energy sector.
BNR cut the rate from 6.5 percent to 6.25 percent in May last year. In December 2009, the key policy rate was of 8 percent and was gradually decreased throughout 2010.
Irina Popescu, irina.popescu@romania-insider.com