Romania’s central bank Tuesday cut its key rate by a quarter point to a new low of 3.5%, resisting an emerging markets selloff that has prompted some countries to raise borrowing costs.
Central bank chief Mugur Isarescu said late last year that Romania still has room to cut rates and that the country should strive to grow faster to narrow the gap…
Here is the original post: Romania Cuts Key Rate to 3.5%
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