The fiscal policy will not focus on new cost cuts but rather on fiscal consolidation, he added.
The country’s monetary policy will be “normal” this year, meaning it will take a close look at inflation and will efficiently use the instruments at its disposal, the central bank governor also said.
Romania’s central bank kept its key rate unchanged at 5.25% for the sixth consecutive meeting Monday, in line with expectations. It also maintained the minimum reserve requirements unchanged at 15% for Romanian leu-denominated liabilities and at 20% for foreign currency liabilities.