Business & Finance
Romania's central bank raises 2021 inflation forecast to 3.4pc
- Policymakers see inflation reaching 2.8% at the end of next year, above the mid-point of its 1.5-3.5% target range.
- On Monday, the bank kept its benchmark interest rate on hold at 1.25%, as higher than expected inflation put an end to expectations of further cuts.
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BUCHAREST: Romania's central bank raised its inflation forecast for this year to 3.4% from a previous 2.5%, near the top of its target range, its quarterly inflation report showed on Tuesday.
Policymakers see inflation reaching 2.8% at the end of next year, above the mid-point of its 1.5-3.5% target range.
On Monday, the bank kept its benchmark interest rate on hold at 1.25%, as higher than expected inflation put an end to expectations of further cuts.