ING: National Bank of Romania Preview: No changes just yet

We expect the National Bank of Romania (NBR) to keep the policy rate unchanged at 7.00% at its 13 February meeting, ING THINK reads. The Bank’s updated forecasts are likely to edge lower in the short and medium term. We maintain our call for the key rate to reach 5.50% by year-end, though risks are to the upside.   The NBR will most likely stay on hold again and defer the first rate cut to the ...

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