Will the interest still grow?

BNR oscilates between the 9.55 interest and it's increase with 0.25%.

The majority of banking economists expect from the Romanian National Bank (BNR) not to raise the monetary policy interest in tommorow's sesion. The interest is set at 9.5% since the 27 of March. Some analysts don't rule out a 0.25% interest raise.

Economists from the largest three banks from the market expect the BNR interest to stay at 9.5% this month.

"I think that BNR will not increase the interest. This is the background decision", states BCR chief economist, Lucian Anghel, one of the arguments being the cental bank's other options besides the interests in order to strenghten the restrictivity of the monetary policy.

BRD's chief economist, Florian Libocor, doesn't expect BNR to raise it's interest level this month. "In the sesion scheduled in May, I don't think that BNR will modify the monetary policy interest, because the delay registered by the previous decisoin is of about eight-nine months. A potential raise of the interest will happen in July or in the second part of the year, to 10%", said Libocor.

Raiffeisen Bank economists also expect BNR to mentain the interest at 9.5%, but don't rule out completely the posibility that it will raise to 9.75% or even 10%.

Other economists anticipate an increase in monetary policy interest. UniCredit Tiriac chief economist, Rozalia Pal, is expecting this decision from BNR. "Our prognosis states that, until the end of the year, the monetary policy interest will be of 10%, and a 0.5% raise is also possible until the half of the year. In May, the interest could be increased with 0.25% or even 0.5%" said Rozalia Pal.

ING Bank senior economist, Nicolaie Alexandru-Chişdeciuc, thinks that BNR interest will be increased to 9.75%, but that it should be raised to 10%.