- The National Bank of Romania leaves its key rate at 6.5% on Thursday, with all economists in a Bloomberg survey forecasting no change.
- The 6.5% rate is the highest in the European Union and has been unchanged for over two years.
- A persistent political crisis drove the leu to a record low, with resurging government turmoil, double-digit inflation and an economic downturn forcing the central bank to stay on hold.
Quotes
“The National Bank of Romania will hold the key rate at 6.5% on Thursday, according to all economists in a Bloomberg survey.”
“Policymakers have stayed pat for over two years, during which the country has endured resurging government turmoil, double-digit inflation and an economic downturn.”