Romania
National Bank of Romania Implements an Eighth Rate Cut
March 29, 2010
Romania’s central bank monetary policy interest rate has been cut to 6.5% from 7.0%. This was the third monthly reduction in a row. Romania got a late start easing its stance because of stubbornly high interest rates and political risks. The benchmark rate had been at a lofty 10.25% from July 2008 into February 2009. […] More
A Seventh Rate Cut in Romania
February 3, 2010
The National Bank of Romania sliced its benchmark monetary policy interest rate by another 50 basis points to 7.0%. This was the second reduction of 2010 following one on January 5. During 2009, there were cuts of 25 basis points in February, two of 50 bps a piece in June, a fourth of 50 bps […] More
