{"id":26398,"date":"2012-01-05T11:57:00","date_gmt":"2012-01-05T16:57:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/01\/05\/national-bank-of-romania-drops-rate-25bps-to-5-75\/"},"modified":"2012-01-05T11:57:00","modified_gmt":"2012-01-05T16:57:00","slug":"national-bank-of-romania-drops-rate-25bps-to-5-75","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/05\/national-bank-of-romania-drops-rate-25bps-to-5-75\/","title":{"rendered":"National Bank of Romania Drops Rate 25bps to 5.75%"},"content":{"rendered":"<p><span><span><span>The&nbsp;<\/span><\/span><a href=\"http:\/\/www.bnro.ro\/\">Banca Nationala a Romaniei<\/a><span><span>&nbsp;reduced its key monetary policy interest rate by 25 basis points to 5.75% from 6.00%. &nbsp;The Bank said: &#8220;The recovery of the Romanian economy has continued \u2013 underpinned by favourable dynamics of exports, as well as of industrial and farming output \u2013 whereas the growing uncertainties regarding global and European growth amid a worsened global risk appetite and heightened sovereign debt crisis in the euro zone are hindering the short-term outlook for the overall economic activity in Romania.&#8221;<\/span><\/span><\/span><br \/><a name='more'><\/a><span><br \/>Previously the Bank also cut the rate 25 <a href=\"http:\/\/www.centralbanknews.info\/2011\/11\/romania-central-bank-cuts-rate-25bps-to.html\">basis point<\/a>s in November<\/span><span>, prior to that its last move was a 25 basis point cut in May 2010. &nbsp;Romania reported annual consumer price inflation of 3.44% in November, compared to previous readings of 3.45% in September, 4.25% in August, 4.85% in July, 7.9% in June, 8.4% in May and 8.3% in April 2011, and now within the Bank&#8217;s inflation target range of 3% plus or minus 1%.<\/span><\/p>\n<div><span><br \/><\/span><\/div>\n<div><span>The&nbsp;Romanian&nbsp;economy expanded 1.8% in Q3 2011 (0.2% in Q2), placing annual growth at 2.6% (0.3% in Q2). &nbsp;Romania&#8217;s currency, the Romanian Leu (RON), has weakened about 3% against the US dollar in 2011, while the USDRON exchange rate last traded around 3.40. &nbsp;The Banca Nationala a Romaniei next meets on the 2nd of February 2012.<\/span><\/p>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3816916948266085818?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Banca Nationala a Romaniei&nbsp;reduced its key monetary policy interest rate by 25 basis points to 5.75% from 6.00%. &nbsp;The Bank said: &#8220;The recovery of the Romanian economy has continued \u2013 underpinned by favourable dynamics of exports, as well as of industrial and farming output \u2013 whereas the growing uncertainties regarding global and European growth amid &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/05\/national-bank-of-romania-drops-rate-25bps-to-5-75\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;National Bank of Romania Drops Rate 25bps to 5.75%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26398","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26398"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26398\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}