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ECB interest hike brings small comfort for RON

Vineri, 9 martie 2007, 0:00

The European Central Bank increased on Thursday its monetary policy interest by 0.25% up to 3.75%, the highest level in for the past six years, confirming analysts' expectations, a Reuters release informs. Romania may see in this a small comfort as pressure on the national currency would decrease, says financial analyst Florin Catu.

The expectations of all 80 analysts interviewed by Reuters were based on the fine evolution of the European economy, as well as on the statements made last month by ECB President Jean Claude Trichet, who talked about the inflation risks.

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