Romanian policymakers provided pretty clear signs this afternoon that they plan to start easing policy. They were ambiguous on the timing, but we think that interest rate cuts could come once inflation starts to fall back to target in Q3. That said, high levels of FX debt limit the scope for aggressive loosening.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services