Romania Finally Lowers Bank Rate

05 Feb 2009

Romania has finally joined other central banks across Central and Eastern Europe and has announced a rate cut to help keep its economy from deteriorating further.

Romania has finally joined other central banks across Central and Eastern Europe and has announced a rate cut to help keep its economy from deteriorating further. The quarter-point reduction brings the rate down to 10%, still the highest in the European Union. Meanwhile, Hungary’s central bank reportedly is ...

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