Coface: Romanian economy is more sensitive to high interest rates than to a weaker leu

The Romanian economy is more sensitive to high interest rates than a weaker leu, with the National Bank of Romania (BNR) facing a dilemma because of this, says Iancu Guda, services director with Coface Romania."Inflation is already stepping up heading to 5 per cent in the first half of the current year and we have really negative interest rates. And that's why the BNR is currently facing a dilemma, for you cannot maintain interest rates at low levels and have a ...

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