BNR ține dobânda pe loc și lasă cursul leului să respire. Cât loc de depreciere mai există?

The BNR has kept the monetary policy interest rate unchanged at 6.50%, anticipating a potential upward revision of inflation forecasts. The central bank's updated projections will be released after the November 12 meeting. Market expectations suggest that major central banks will continue to raise interest rates until April 2027, while Romania's economic conditions may limit further increases. The BNR expects inflation to rise until the end of 2026, influenced by fuel and energy prices, as well as the exchange rate of the leu. Recent depreciation of the leu has raised concerns about inflation risks, with BCR predicting an inflation rate of 6.4% by year-end. The BNR emphasizes a shift towards prioritizing interest rate stability over currency stability, allowing for greater flexibility in the exchange rate.