The surprisingly clear fall in US inflation made an impression on global markets last week. This week, the focus in CEE is on GDP and inflation figures, which of course are crucial data for the further interest rate path in this region!
Romania Watch: NBR raises key rate to 6.75%, reducing the tightening pace
Andreea-Elena DRAGHIA November 8, 2022
NBR increased today the key rate to 6.75% from 6.25%, below our expectations of 7.0%. Detailed updated inflation forecast will be made public on Monday in a press conference of the NBR’s Governor. We still see room for the key rate moving higher in the next period.