02 November 2011

ROMANIA : C.BANK Drops Benchmark To 6%.


     In a surprise move...the Banca Nationala a Romaniei lowered its benchmark rate...by 25 bps to a record-low 6%...from 6.25%...as inflation slowed by the lowest rate since the end of communism.
     Its economy is struggling to grow by 1.5% after 2 years of recession.