Thursday, February 3, 2011

National Bank of Romania Holds Rate at 6.25%

The National Bank of Romania held its key policy rate at 6.25% and made no changes to other policy tools. Romania recorded inflation of 7.96% in December 2010 and 7.73% in November (after a spike in inflation due to the impact of a one-off value added tax increase), which compares to the central bank's official inflation target of 3.5% in 2010 and 3% for 2011.


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