BNR: Interests on interbanking market up in Q3 during upward revision of inflation anticipations

Georgiana Bendre | 04/10/2017 | 11:51

The interests on the interbanking market went up in the third quarter of this year in the context of upward revision of the inflation anticipations and some liquidity fluctuations, while the inflation increased faster than the forecast on medium term, said the National Bank of Romania (BNR).

The ROBOR index after three months, according to the interests’ calculus for the majority loans in RON, reached 1.8 percent, the biggest since November 2014 until now.

According to BNR, close to the end of the third quarter “the interest rates on the interbanking monetary market registered a growth tendency, closing to the interest rate of monetary policy, in the context of the significant upwards revision of the inflation anticipations, of the consolidation of expectations regarding the adjustment of monetary policy as well as some liquidity fluctuations, ” says the release.

At the same time, the most recent evaluations reconfirms the perspective of annual rate inflation growth continuation in the next months in a more alert rhythm than the one from the medium term forecast of BNR, published in the Report of the inflation from August 2017. The uncertainties and risks associated with these perspectives are still influenced by the evolutions from the internal and external environments, according to BNR. In the internal environment, they are augmented by the fiscal policy and the revenues perspective, as well as by the perspective of the administered prices (natural gases, electric energy).

„On the external environment, are relevant the uncertainties and risks related to the economic growth in Euro zone and on the global level, by passing over some geopolitical conflicts, as well as by the decisions of the main central banks (ECB, FED). At the same time, there is a reconfiguration of the central banks’ policies that change the evolution of the interests rates on the international financial markets,” says the release.

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