Wednesday, May 4, 2011

Romania Central Bank Holds Rate at 6.25%

The Banca Nationala a Romaniei held its monetary policy rate unchanged at 6.25% and made no changes to minimum reserve requirements.  The Bank said: "The monetary policy stance is aimed at preserving the prospects for resuming disinflation despite the recent inflationary shocks, with broad monetary conditions remaining adequate for fulfilling the medium-term inflation target,".  Romania reported annual inflation of 8.01% in March, up from 7.6% in April as cost push inflation factors such as rising food and energy prices kept inflation above the 2-4% target band.


Post a Comment