Romania opts to hold, citing domestic and global uncertainty
Central bank cites fluctuating commodity prices, tariff risks and volatility resulting from national politics
The National Bank of Romania has opted to hold rates, warning of “particularly elevated uncertainty” both at home and abroad.
In a statement on May 16, the bank announced it was keeping its monetary policy rate at 6.5%, its lending facility (Lombard) rate at 7.5% and its deposit facility rate at 5.5%.
Ahead of the publication tomorrow (May 20) of its quarterly inflation report, the bank said annual inflation had fallen by less than expected during the first quarter of this year. The figure for
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