Romania: Key Rate Cut Again

Politics ♦ Published: November 6, 2013; 18:13 ♦ (Vindobona)

The most recent cut was the fourth in a row since the beginning of July. Experts forecast the rate cutting cycle to stop in the first quarter next year when the country’s key rate is supposed to stand at 3.5 percent.

Romania: Key Rate Cut Again / Picture: © BNR National Bank of Romania

The National Bank of Romania (NBR) has cut the main rate again by 25 basis points to 4.0 percent. The market has already expected this measure, which is the fourth in a row since the beginning of July. As anticipated NBR’s cut by 125 basis points. “We hint at underlying inflationary pressures which are low due to depressed domestic demand and low imported inflation, improved…

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