European interest rate cuts

National Bank of Romania Implements Another Rate Reduction

February 2, 2012

Romanian monetary authorities implemented a twelfth interest rate cut as a majority of forecasters expected, reducing the main policy rate by 25 basis points to a cyclical low for the move of 5.5%.  The prior two 25-bp cuts were announced in November and January.  There were also five reductions totaling 225 basis points in 2009 […] More