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Romanian banks expect first rate cut in May and yearend policy rate at 5.75%-6%

April 4, 2024

BCR-Erste Group and ING (Romania) expressed quite similar expectations for no rate cut on the April 4 monetary board meeting of the National Bank of Romania (BNR) while also signaling the first rate cut for the next month. 

While ING expects rate cuts in a total amount of 100 base points (bp), possibly “non-linear” by the end of the year (from the 7% monetary policy rate as of now), BCR believes that BNR could go further and bring the policy rate to 5.75%.

In this context,...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-banks-bnr-policy-rate-april-2024
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