The Banca Nationala a Romaniei held its monetary policy rate unchanged at 6.25% and made no changes to minimum reserve requirements. The Bank said: "The monetary policy stance is aimed at preserving the prospects for resuming disinflation despite the recent inflationary shocks, with broad monetary conditions remaining adequate for fulfilling the medium-term inflation target,". Romania reported annual inflation of 8.01% in March, up from 7.6% in April as cost push inflation factors such as rising food and energy prices kept inflation above the 2-4% target band.
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