Will BNR Start Cutting Its Key Rate? Barclays Says Yes, ING Believes Expectations Are Wrong

08.31.2011 By Razvan Voican

The falling inflation, disappointing economic growth and the risk outlooks for 2012 will make a case for the Romanian central bank (BNR) to give a monetary policy easing signal at the September 29 meeting of its board, and in the fourth quarter of 2011, or first quarter of 2012 at the latest, it will start reducing its key rate by half a percentage point, to 5.75% per annum, JP Morgan and Barclays analysts estimate.

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Keywords:: MONETARY POLICY; , KEY RATE

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