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
