A rise in interbank rates and weaker net wage growth appear to lie behind the Romanian MPC’s surprise decision to keep its policy interest rate on hold today. We still think that the tightening cycle will be resumed in May, but today’s decision raises the risk that policy is keep too loose for too long.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services