BUCHAREST (Reuters) – Six members of Romania’s central bank’s board of directors voted to accelerate financial policy tightening and raise interest rates less than expected at the Aug. 5 meeting, while the other three voted to raise further. according to Friday’s minutes.
The bank raised its benchmark interest rate through 75 foundational issues to 5. 50%, its eighth consecutive buildup since October. Three board members voted in favor of an accumulation greater than one hundred foundational emissions.
Most board members “again the importance of policy mixing and calibrating financial policy conduct in the existing environment to avoid, as far as possible, a significant slowdown in economic growth,” the mins said.
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