Romania: Key Interest Rate Remains Unchanged

Politics ♦ Published: March 31, 2014; 16:16 ♦ (Vindobona)

The central bank of Romania has left the main interest rate unchanged.

The Romanian economy has so far been in danger of inflation. / Picture: ©

On Friday the Romanian national bank decided to leave the key rate unchanged at a record low of 3.5 percent. The decision was made after eight months of monetary interventions due to the danger of inflation.

Analysts had already anticipated the step as the inflationary pressure is caused mainly by a new tax duty on fuels and a deregulation of energy prices. Moreover, the latest…