Romanian tightening cycle to be more aggressive than most expect

The accompanying statement to today’s MPC meeting in Romania was less hawkish than we had expected. Nonetheless, with further fiscal stimulus in the pipeline and economic slack now exhausted, inflation is likely to rise sharply over the coming months. This will force the central bank to embark upon a more aggressive tightening cycle than the consensus is currently anticipating

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.