The Romanian central bank will probably leave its main interest rate at a record low of 5.25% for the seventh meeting amid a spike in inflation as the economy stagnates, according to a Bloomberg poll of economists. The decision will be announced after 11 a.m. in Bucharest and will be followed by a press briefing by Governor Mugur Isarescu.
Romanian monetary-policy makers halted a rate-cutting cycle in May, bucking an easing trend in the region needed to spur economic growth, as a government plan to deregulate energy prices and drought-driven food prices quickened inflation. The economy probably stagnated in 2012 and expansion will be slower than forecast this year, the International Monetary Fund said.
Source: bne