Romania Unexpectedly Lowers Benchmark Rate to Record-Low 6%
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Romania’s central bank unexpectedly cut its main interest rate as slowing inflation gave policy makers room to spark an economic recovery amid the euro-area’s sovereign-debt crisis.
The Banca Nationala a Romaniei lowered the monetary-policy rate to a record-low 6 percent from 6.25 percent, the Bucharest-based bank said in an e-mailed statement today. The decision matched the forecast of one of 15 economists in a Bloomberg survey. The other 14 expected no change.