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BCR expects further rate hikes and stronger reliance on liquidity control

Romanian bank BCR, part of Erste Bank Group, expects the National Bank of Romania (BNR) to hike the refinancing rate again by 25bp (to 2%) in its next board meeting in January, when the monetary authority will further widen the interest rate corridor by 25bp to 1pp.   The core inflation edged up by 0.4pp to 4% in October, while the headline inflation moved up to 7.94% - way above the 7.09% Bloomberg consensus and ...

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