BUCHAREST, April 4 (Reuters) - Romania's central bank
kept its benchmark interest rate on hold at 7.00%
on Tuesday for the second consecutive month, as expected,
warning of elevated uncertainty even as it expects inflation to
fall at a faster pace.
The bank also said the slowdown in economic activity in the
first quarter would be more subdued than expected, although
still pronounced on a year-on-year basis, and that a slowing
core inflation rate was countered by the gradual pass-through
into consumer prices of increased costs of materials and wages.
All analysts polled by Reuters earlier this month expected
the decision. A majority expect borrowing costs to remain at
7.0% throughout 2023.
(Reporting by Luiza Ilie; Editing by Alan Charlish)
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