“The central bank doesn’t want to relax its monetary policy and the key interest rate will be left unchanged for a while… In my opinion, the country rating should be revisited,” Vosganian told a conference.
He said better credit ratings would lead to improved conditions in the banking system.
Romania is rated Baa3 by Moody’s and BBB- by Fitch, the lowest investment grade rankings, and BB+ by Standard & Poor’s, one notch below investment grade.
The Romanian central bank last week kept its key rate unchanged at 5.25% for the eight consecutive meeting. The bank also maintained the minimum reserve requirements unchanged at 15% for Romanian leu-denominated liabilities and at 20% for foreign currency liabilities.
The decision came a day after central bank governor Mugur Isarescu said that the monetary policy could not be loosened due to inflationary expectations deriving from supply shocks.