The business cycle

Romania: Inflation

By May 15, 2018 May 16th, 2018 No Comments

Inflation hit 5.2% yoy, the highest level since June 2013. The NBR hiked rates by 25bps last week, blaming the rising inflation on administered prices. Inflation is, however, evolving as the NBR expected; therefore, we project only one more 25bps point hike later this year.