The National Bank of Romania is likely to go for a 50 basis points cut of the main rate to 6.5%, at its March Board Meeting, Citibank said in a report.
February inflation drop to 4.5% from 5.2% in January, coupled with the relatively stable leu could determine the central bank to cut main rate by another half-percentage point to 6.5% from 7%.
The annual inflation rate fell to 4.49% in February, as the appreciation of the leu cushioned the impact of price growth in food and non-food products.
However, Citibank forecasts an inflation rate of 4.8% at year-end versus NBR’s projection of 3.5%.
The next rate-setting session is scheduled for March 29, 2010.
Article comments "Citibank: NBR likely to cut main rate at the March board meeting"
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