Romania’s central bank has decided to maintain its key interest rate at 6.50%, a move anticipated by analysts amid rising concerns about escalating inflation.
The recent surge in fuel prices, attributed to the ongoing conflict in Iran, is expected to push Romania’s inflation levels into double digits, posing challenges for the country’s economic stability.
The central bank, which has an inflation target range of 1.5% to 3.5%, is set to release updated inflation forecasts by May, providing a clearer outlook on the financial climate.
(With inputs from agencies.)