BNR increased monetary policy interest rate by 0.5%, to 9.5%. National currency (RON) interests and credits will follow this direction. Effects: loans in foreign currency, with lower interest rates, could attract more Romanians.
BNR increased monetary policy interest rate from 9% to 9.5%. Some specialists and financial institutions predicted the BNR move. Yesterday, Bancpost increased interest rates for RON deposits.
"This decision in monetary policy will give an advantage to foreign currency credits in spite of RON credits" said BRD chief economist, Florian Libocor. The opinion was shared by Raiffeisen Bank chief of research, Ionut Dumitru. "There's a risk that foreign currency will be more popular" said Dumitru.
"In this context, the inflation target for this year exceeds 7%" completed BRD chief economist.