Analysts: The NBR will not raise interest rates after August deflation - Azi

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Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable inflation progression in August and the prospect of entering a disinflation trend after the yearly 9.04% peak reached in July.

Consumer prices declined by 0.09% in August, as services became cheaper, so annual inflation reached 8.02%. Previously, analysts had estimated that the central bank would ignore the...

Read the whole story in: Ziarul Financiar