National Bank Of Romania Keeping Rates High, Easing Only Slightly Over H2 2024
Banking & Financial Services / Europe / Tue 07 May, 2024
Key View
- The National Bank of Romania (NBR) maintains a hawkish policy stance compared to its peers in Central and Eastern Europe, and we retain our core expectation for it to lower its deposit rate 7.00% to 6.25% by year-end.
- We forecast that Romania’s headline inflation rate will decline gradually over the coming months, reaching an end-2024 rate