The NBR (National Bank of Romania) today will leave the RON interest rate unchanged, at 6.25% a year, and will not change the minimum reserve requirements, either, anticipate unanimously the members of the Association of Financial-Banking Analysts in Romania. Foreign analysts expect a similar decision.
"Although economic activity remains very weak - with a Gross Domestic Product contraction of 2% this year - the central bank has no room to manoeuvre for the time being. Conditions on the financial markets can change fast, and become unfavourable for the RON and for Romanian T-bills.
"Although economic activity remains very weak - with a Gross Domestic Product contraction of 2% this year - the central bank has no room to manoeuvre for the time being. Conditions on the financial markets can change fast, and become unfavourable for the RON and for Romanian T-bills.
news source: ZF English link: article
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