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	<title>Monetary Policy Archives - Valahia.News</title>
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		<title>Romanian National Bank Lowers Monetary Policy Rate to 1.5%</title>
		<link>https://valahia.news/romanian-national-bank-lowers-monetary-policy-interest-to-1-5-pc/</link>
					<comments>https://valahia.news/romanian-national-bank-lowers-monetary-policy-interest-to-1-5-pc/#respond</comments>
		
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		<pubDate>Thu, 06 Aug 2020 05:01:13 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Romanian News]]></category>
		<category><![CDATA[Monetary Policy]]></category>
		<category><![CDATA[Romanian National Bank]]></category>
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					<description><![CDATA[<p>On Wednesday, August 5, the National Bank of Romania decided to further lower the monetary policy rate, from 1.7% to 1.5% starting from Friday, August 6. Thus, the internal consumption is encouraged and money is put into circulation. The National Bank of Romania hopes for such measures to help the...</p>
<p>The post <a href="https://valahia.news/romanian-national-bank-lowers-monetary-policy-interest-to-1-5-pc/">Romanian National Bank Lowers Monetary Policy Rate to 1.5%</a> appeared first on <a href="https://valahia.news">Valahia.News</a>.</p>
]]></description>
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<p class="wp-block-paragraph">On Wednesday, August 5, the <strong>National Bank of Romania decided to further lower the monetary policy rate, from 1.7% to 1.5% </strong><a href="https://www.bnr.ro/page.aspx?prid=18196">starting from Friday, August 6</a>. Thus, the internal consumption is encouraged and money is put into circulation.</p>



<p class="wp-block-paragraph"><em>The National Bank of Romania hopes for such measures to help the economy</em>. Both entrepreneurs, who would have access to low interest loans, and the population, who would be encouraged to spend, could bring their contribution to the recovery of the Romanian economy. </p>



<p class="wp-block-paragraph">Unfortunately, the Romanian Government relies too much on entrepreneurs and on population when it comes to the recovery. <strong>Romania allotted only 3% of the GDP in a package meant to restart the economy</strong>, <em>while the neighboring Hungary allots 18% and Czech Republic 14%. </em></p>



<p class="wp-block-paragraph">Moreover, <a href="https://valahia.news/erste-bank-8-5-pc-unemployment-rate-romania-2021/">Romania is expected to reach a new record of the unemployment rate in 2021</a>: <em>8.5%, according to the specialists from Erste Group</em>. This would be a higher figure even than the previous record from 1993, when it was 8.27%.</p>
<p>The post <a href="https://valahia.news/romanian-national-bank-lowers-monetary-policy-interest-to-1-5-pc/">Romanian National Bank Lowers Monetary Policy Rate to 1.5%</a> appeared first on <a href="https://valahia.news">Valahia.News</a>.</p>
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