• 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

Notícias do Mercado

8 janeiro 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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