Free Trial

Romania Central Bank Deputy Governor Popa Favors Further Gradual Rate Hikes

CEE
  • NBR (National Bank of Romania) Deputy Governor mentioned that he favors further gradual rate hikes.
  • Popa added that NBR seeks to avoid economic recession.
  • Romania central bank surprised the market and decided to raise its policy rate by 50bps to 2.50% earlier this month (vs. 25bps expected).
  • It was the fourth time that NBR is hiking rates, its policy rate is now up 125bps since its low reached in 2021.

Source: Bloomberg/MNI

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.