Factors Show ‘Gradual’ Romanian Rate Cut, Central Bank Says

While a reduction in Romanian interest rates was not possible today because of “persistent uncertainties” in the European debt crisis, a cut in borrowing costs in the future is possible, central bank adviser Lucian Croitoru said.

“Today was not the right moment for a monetary-policy easing because of all the persistent uncertainties tied to the European debt crisis,” Croitoru said in e-mailed comments to Bloomberg. “Of course there are some factors that point to a gradual interest-rate cut in the future.”