Romania's Central Bank governor Isarescu says cenbank will consider a range of 5-6 percentage points for Leu currency moves as sustainable, declines to mention from which levels

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8 January 2018

Romania's Central Bank governor Isarescu says cenbank will consider a range of 5-6 percentage points for Leu currency moves as sustainable, declines to mention from which levels

Says in last 4-5 years romanian leu moved from 4.4 per euro to 4.65, not a large depreciation
Salutes that preliminary data indicates 2017 budget deficit will be below 3 pct/gdp
Monday's hike is not of a nature to be brusque on the economy
Rate hike aimed at anchoring inflationary expectations
Does not envision ample money market rate changes
Says bank has more uncertainties over inflation fcast than it did in november
Inflation will rise above cenbank's target in first part of year before slowing down

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