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Romanian central bank governor warns: not best time to talk about rate cuts

November 13, 2023

It is not a good time to talk about rate cuts, Romanian central bank (BNR) governor Mugur Isarescu said while unveiling the updated Inflation Report on November 10. The worst scenario is seeing inflation picking up just after a rate cut, he said.

Rate cuts will not take before inflation falls sufficiently low, he announced, stressing that the policy rate is still negative in real terms and the central bank is striving to encourage growth by allowing sufficient liquidity...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/bnr-governor-not-best-time-rate-cuts-2023
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