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March 6, 2021
BUSINESS

Erste Bank analysts expect Romania’s National Bank to slash key interest rate in January

Erste Bank analysts expect Romania’s Central Bank (BNR) to slash by 25 base points the key interest rate, in January 2015, whereas the central banks of Poland and Hungary may start contemplating key interest rate slashes only if inflation remains at very low levels and the market’s sentiment is favorable, informs Agerpres.

On the other hand, analysts believe that an optimal mix between recovering the domestic growth and an increase in investments will be the growth engine of the economies in Central and Eastern Europe in 2015.

Domestic consumption rose by over 2% in Romania, Czech Republic and Poland in Q3 2014, and investments contributed to an average increase by 1.4 percentage points.

 

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