Romania's central bank holds benchmark rate at 7.00%
BUCHAREST, Feb 9 (Reuters) -Romania's central bank kept its benchmark interest rate ROINTR=ECI on hold at 7.0% on Thursday, the first pause after a 16-month hiking cycle as it expects inflation to fall to single digits three quarters earlier than expected.
The bank also kept its lending facility rate at 8.00% and its deposit rate at 6%, and made no reference to market liquidity controls, a policy instrument it uses to tighten lending conditions.
All analysts polled by Reuters earlier this month expected the decision. A majority expect borrowing costs to remain at 7.0% throughout 2023.
Reporting by Luiza Ilie; Editing by Tomasz Janowski
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