NBR Maintains Key Interest Rate at 6.5%. Rates Increased by Hundreds of Lei in Just 11 Days

We are saying goodbye to low rates for a good period of time. The National Bank decided today to maintain the key interest rate. It blames political tensions and the prolonged electoral period. The effects are spreading throughout the economy, because other interest rates follow the trend. This means higher rates and an economy that is not doing too well.

The long-term electoral period and the growing political tensions have reversed capital movements on the local financial market, in the latter period, significantly increasing capital outputs.

National Bank of Romania keeps monetary policy interest rate at 6.50% per annum

National Bank of Romania (NBR) decided today to keep the monetary policy interest rate at 6.50 percent per annum, while maintaining the interest rate on the lending facility (Lombard) at 7.50 percent per annum and the interest rate on the deposit facility at 5.50 percent per annum, and also keep the current levels of minimum […] The post National Bank of Romania keeps monetary policy interest rate at 6.50% per annum appeared first on Business Re…