Romanian central bank keeps key interest rate at 5.25% on disinflation trend

The National Bank of Romania decided on Monday to maintain the key interest rate at 5.25% , in a move to resume and consolidate disinflation whose outlook is marked by risks in the domestic economy and the weak economic recovery of the Euro zone.

The NBR said it keeps a prudent stance on monetary policy in order to anchor inflation expectations and to meets its medium-term target on the rate.

The Romanian economy is slowly recovering amid the recession in the Euro zone and the upward trend of the inflation rate has been tempered, according to the NBR.

Source: Business Reveiw