BUCHAREST (Reuters) – Romania’s central bank lifted its benchmark interest rate by a more than expected 75 basis points to 3.75% on Tuesday and warned inflation would remain in double digits until the second half of 2023.
The bank raised its lending facility rate to 4.75% from 4.00% and its deposit rate to 2.75% from 2.00%, and said it would retain firm control over market liquidity.
A majority of analysts polled by Reuters had expected a 50 basis points hike, while some saw a bigger one percentage point raise.
(Reporting by Luiza Ilie; Editing by Alex Richardson)
