EnglishAnalysts expect the NBR to keep the policy rate steady at 6.25% in its meeting scheduled for today, at least until the end of the year. Rozalia Pal, the chief-economist of UniCredit Ţiriac Bank says that after the measures passed by the government, there is no chance of further rate cuts this year. "From now on, duet o rising inflation, there will most likely be discrepancies between the real and the nominal interest rates", she said. Ionuţ Dumitru, chief-economist at "Raiffeisen Bank" said that following the evolution of the exchange rate over the last few days and of the measures taken by the government to adjust spending, the NBR will keep the interest rate at 6.25%. "For now, a cautious monetary policy is needed, considering the state of the economy", he said.
At the same time, a poll made by the Association of Financial and banking analysts concerning the decision of the NBR on the policy rate estimates that the latter could keep the policy rate at 6.25%.
Analysts also expect the NBR to keep the minimum reserve ratio unchanged, at 15% for liabilities denominated in lei and 25 for those denominated in foreign currencies, amid the uncertainties in the market.
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