News » March, 2011 » 1 March 2011
Analysts expect higher interests and leu strengthening amid fears of inflation
01.03.2011, 08:16 | Finance-Banks | 783 views
Facing the prospect of missing its inflation target again, the NBR (National Bank of Romania) has started to fight price rises by indirect interventions on the forex market, helping the leu strengthen against the euro, which can temper pressure on prices of import goods, say bank analysts. The price rises recorded since the beginning of the year and the risk of further price increases could trigger responses from the NBR, both through a gradual increase in interest rates on the monetary market, and through a strengthening of the leu. Read more on ZF.ro
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