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Romanian Central Bank on Hold

Published: November 27, 2012; 14:54 · (Vindobona)

Romania´s Central bank remained on hold at its most recent monetary policy meeting on 2 November, keeping the monetary policy rate unchanged at 5.25%.

Romanian Central Bank on Hold / Picture: © Romanian Central Bank

“Central bank seems to be more concerned about volatility of capital flows (with impact on exchange rate) than inflation dynamics (inflation is driven mainly by transitory shocks). In our baseline scenario, we do not foresee a hike in the key interest rate in the following quarters.” Raiffeisen Research states.

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