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Reuters poll: Central Bank may increase key interest rate to 10%

de Radu Rizea
Marţi, 24 iunie 2008, 9:13 English | Business

Economic analysts estimate that the Romanian Central Bank (BNR) will increase the key interest rate 0.25% on Thursday, up to 10%, a poll conducted by Reuters reveals. The BNR board will meet on Thursday, in order to decide the monetary policies to be applied in the near future. A new increase of the key interest rate would be the sixth such move in eight months, adding up to a total growth of 2.75%.

ten out of the 14 analysts interviewed by Reuters anticipate an 0.25% growth of the key interest this week, but also believe that the rate will remain constant or even decrease towards the end of the year.
Miroslav Plojhar, working with JP Morgan, was the only analyst to expect a 10.55% rate in June, followed by 10.75% in July and 11% in September, due to the overheating economy.

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