Romania’s central bank boosts key interest rate to 3.75% -Breaking
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© Reuters. FILEPHOTO: A man is seen walking in front the Romania Central Bank headquarters, during a press conference by the International Monetary Fund’s Romania mission. It took place in Bucharest on January 29th 2013. REUTERS/Bogdan Cristel BUCHAREST, (Reuters) – The central bank of Romania raised its benchmark rate to 3.75% from the expected 75 basis points on Tuesday. They also warned that inflation will remain at double digits through 2023.
The bank increased its lending rate from 4.00% to 4.75% and its deposit rate from 2.00% to 2.75%. It also stated that it will retain tight control over market liquidity.
Reuters polled most analysts and found that they expected a rise of 50 basis points, but some forecast a larger increase by one percentage point.
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