Banca Naţională a României

The assessment of recent developments and perspectives on strengthening macroeconomic stabilization in the period to come was on the agenda of the National Bank of Romania Board meeting.

In order to mitigate temporary inflationary pressure generated by the adjustment of energy product prices, the NBR Board decided to increase policy rate by one percentage point.

This measure is part of the proactive actions strategy stated by the central bank in August already, with the goal of keeping the 14 percent inflation target for 2003 as established together with the Government.