24.5 C
June 28, 2022

BNR could strengthen monetary policy in the future

The National Bank of Romania (BNR) could strengthen the monetary policy in the future considering that the inflation rate will stand at 8-8.5 per cent in the next two months, Jeffrey Franks added. “The National Bank has to remain very vigilant,” he pointed out. He stated that the inflation rate is expected to drop significantly after the effects of last year’s VAT hike dissipate two months from now. Last week the BNR’s Administrative Board decided to maintain the monetary policy interest rate at 6.25 per cent and the minimum required reserve ratios for RON and forex-denominated liabilities at the current level for the eighth consecutive session.

Related posts

Deloitte Romania assisted AAylex Group in the acquisition of the feed, one-day chickens and hatching eggs producer Banvit Foods Romania


Competition Council clears EFG Eurobank – Alpha Bank merger

Nine O' Clock

‘Biogas Nord’ to build biogas power plant worth EUR 6.6 M in Satu Mare

Nine O' Clock