Jul 31
Romania: Prudent hike from the NBR
The Romanian central bank (NBR) today announced that it has hiked its key policy rate by 25bp to 10.25%. The consensus expectation was for unchanged rates. We view todayÂ’s hike as prudent, as it indicates that the NBR is not letting down its guard on inflation. This is good news for the longer term prospects for Romanian markets. The Romanian leu strengthened on the back of the hike.
