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Romania: ING Expecting One Last Big Hike

CEE
  • The Romanian National Bank (NBR) will announce its latest policy rate decision on 5 August.
  • ING forecasts a 100 basis point hike to 5.75% which will still be the lowest key rate in the CEE4 region.
  • Nevertheless, with market rates already much higher, it might be the last significant hike in this cycle.
  • ING then pencils in another 50bp hike in October and 25bp in November, taking the key rate to 6.50% by year-end.

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