Romania to Cut Rate 1st Time Since March 2012, Survey Shows
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Romania will probably cut its main interest rate, the European Union’s second-highest, for the first time in more than a year as the central bank projects inflation will slow to within its target in the second half.
The Banca Nationala a Romaniei will trim the benchmark rate today to a record-low 5 percent from 5.25 percent, according to 11 of 16 economists in a Bloomberg survey. Five predict the bank will leave the rate unchanged. The decision will be announced after 11 a.m. in Bucharest, with Governor Mugur Isarescu to brief reporters later in the day.