Romania's central bank holds key rate amid inflation fears

Amid growing concerns over escalating inflation, Romania's central bank has decided to maintain its key interest rate at 6.5%, a move widely anticipated by analysts.

Fuel price surge expected to push inflation into double digits

The recent spike in fuel prices, attributed to the ongoing conflict in Iran, is expected to further drive up inflation in Romania to levels above 10%, posing significant challenges to the country's economic stability.

With an inflation target range of 1.5% to 3.5%, the central bank is set to release updated inflation projections by May, providing a clearer outlook on the financial climate.