Ro­ma­nia likely to keep rates un­changed

The Pak Banker - - Front Page -

BUCHAREST

Ro­ma­nia will prob­a­bly leave its bench­mark in­ter­est rate un­changed at the last meet­ing this year on con­cerns over slow­ing eco­nomic growth as pol­icy mak­ers wait for a re­cent spike in in­fla­tion to ease. The Banca Na­tion­ala a Ro­maniei will keep its pol­icy rate at 5.25 per­cent, the low­est on record, for a fifth meet­ing to­day, ac­cord­ing to economists sur­vey. A de­ci­sion will be an­nounced af­ter 11 a.m. in Bucharest and will be fol­lowed by a briefing by Gover­nor Mugur Is­arescu. Banca Na­tion­ala a Ro­maniei will keep its pol­icy rate at 5.25 per­cent, the low­est on record, for a fifth meet­ing to­day, ac­cord­ing to sur­vey. The Ro­ma­nian cen­tral bank has been in a wait-and-see mode since May, when it stopped cut­ting rates to spur slow­ing eco­nomic growth, af­ter po­lit­i­cal tur­moil knocked the leu to a record low and drought-driven food prices.

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