Mar 26
Romania: NBR delivers another hike
This morning the Romanian central bank (NBR) delivered another rate hike as it lifted its key policy rate by 50bp to 9.50%, thereby showing its willingness to tame inflation. The hike was in line with expectations. In the statement that followed the rate decision NBR reiterated that inflation risks and the general sentiment require a tighter monetary policy, thereby indicating that further hikes are on the cards. At 9.50%, the key policy rate in Romania can hardly be said to be very high