Romania cuts rates by 25bp
Central bank expects inflation to decline “significantly” after revising projections
The National Bank of Romania is continuing its policy of monetary easing with a second round of rate cuts, it announced on August 7.
The NBR announced three 25bp cuts: the new monetary policy rate is now 6.5%, the lending facility rate is 7.5% and the deposit facility rate is 5.5%. The central bank left minimum reserve requirement ratios unchanged.
The NBR, which has an annual inflation target of 2.5% with a 1% tolerance band, last cut rates in July, having previously held them for a year-and-a
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