interest rate

Romania’s central bank Tuesday decided to keep the 2012 inflation target at 3%, with one percentage point variation band, and to adopt a flat multi-annual inflation target of 2.5%, plus/minus 1 percentage point, as of 2013.

Romania’s central bank Tuesday left its main interest rate at a record low of 6.25% a year for the fourth consecutive time as it continues battling rising inflation following a raise in the sales tax.

Romania’s key policy rate is seen scaling down in 2009, with no sudden adjustments, in line with inflation, central bank governor Mugur Isarescu said Sunday.