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Romania National Bank keeps interest rate at 8.75%

de     HotNews.ro
Miercuri, 27 septembrie 2006, 0:00


The National Bank of Romania - BNR board decided on Wednesday to keep the monetary policy interest rate at a yearly 8.75% and to continue a strong control over monetary market liquidity through market operations.

The decision comes following a positive evolution of macro-economic indices that point towards a continuous process of disinflation and a faster economic growth, thanks to increased investment and dynamic, credit-based consumption.

A BNR press release says the tendency of a growing current account deficit persists but its funding through foreign direct investment improved to 82.2% in January-July 2006, compared to 77.3% during the same period last year.

And BNR officials say the disinflation process continued bringing the annual inflation rate to 6% in August this year.
























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