BUCHAREST, Feb 20 (Reuters) - A discussion on cutting
Romanian interest rates was premature until inflation fell at
least to the level of the benchmark rate of 7.00%, central bank
board member Cristian Popa said on Monday.
Earlier this month, policymakers kept the benchmark interest
rate unchanged after 11 consecutive hikes since October 2021
which had brought the key rate to its highest level in over a
decade. Annual inflation rose less than expected to 15.07% in
January.
"It is premature to talk about interest rate reductions,
because we must first see inflation fall, see it reach levels
that equal rate levels at least," Popa told financial daily
Ziarul Financiar.
(Reporting by Luiza Ilie, editing by Jason Hovet)
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