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Romania 2012: Monetary Policy
Assessing Romanian monetary policy should be simple. The Inflation Targeting regime should be transparent enough that based on current and forecasted inflation one should be able to guess the future...
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Current way of injecting liquidity will not lower long term rates
NBR delivered another rate cut today from 5.75% to 5..5%. It is the third consecutive cut in the key rate and a good moment to see how has this easing cycle transferred into the real economy. The main...
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