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deRainfall January 11, 2008

BNR’s interest increase at 8% may also occur in February

National Bank of Romania (BNR) recently took the decision of increasing the interest with 0.5% , thus reaching up to 8%. According to specialists, this decision will have reduced effects on short term, including on the currency. But a new 0.25% increase is expected in February.

The interest increase will not influence the currency appreciation, but it can influence its depreciation and shows that BNR has decided to take measures to reach its inflation target.

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National Bank of Romania (BNR) recently took the decision of increasing the interest with 0.5% , thus reaching up to 8%. According to specialists, this decision will have reduced effects on short term, including on the currency. But a new 0.25% increase is expected in February.

The interest increase will not influence the currency appreciation, but it can influence its depreciation and shows that BNR has decided to take measures to reach its inflation target.

National Bank of Romania (BNR) recently took the decision of increasing the interest with 0.5% , thus reaching up to 8%. According to specialists, this decision will have reduced effects on short term, including on the currency. But a new 0.25% increase is expected in February.

The interest increase will not influence the currency appreciation, but it can influence its depreciation and shows that BNR has decided to take measures to reach its inflation target.