Romania’s Central Bank Takes Three Monetary Policy Easing Steps At Once

10.01.2014 By Claudia Medrega

The lower than expected economic growth, the low inflation level and still depressed lending activity, as well as the decision of the European Central Bank to cut monetary policy rate to an all-time low of 0.05% have made Romania’s central bank continue its monetary policy easing. This time it took three actions at once, which is rather uncommon for the local policymakers.

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Keywords:
central bank
, bnr
, key rate
, isarescu
, monetary policy