National Central Bank might decrease the key interest rate at 6.25% / the impact on credits might be seen in three months, bankers estimate

Luni, 3 mai 2010, 13:32 English | Top News

Short term tendencies (on six months), the depreciation of the economic environment in South Europe and macroeconomic fiscal data in Romania might determine the Central National Bank to reduce its target to relax the monetary policy, commercial bank representatives declared for HotNews.ro.

Bankers estimate that the National Central Bank will decrease the key interest rate by 0.25% to 6.25%. Raiffeisen Bank analyst Ionut Dumitru said that a couple of months ago, analysts agreed that the Central Bank might decrease its key interest rate by 0.5% but that currently, that option is excluded.

Bankers said that the inconsistency of the fiscal policy affect Romania's chances to overcome the crisis faster.