ROMANIA / COLOMBIA: Tale Of 2 C.Bank Benchmarks: Bucharest Lowers It, Bogota Raises It.

http://www.bloomberg.com/news/2012-02-02/romanian-central-bank-lowers-benchmark-interest-rate-for-a-third-time.html

    To use Argentine President Cristina Fernandez's observation : It's an upside down world...out there.
    In eastern Europe...Romania's central bank has lowered its benchmark interest rate...for the 3rd consecutive time...by 25 bps...to 5.5% from 5.75%.
   Serbia recently lowered its benchmark again.
   In fact...all across that region...c.banks are lowering rates to spur growth...as inflation fears subside.
    In Colombia...the story is the complete opposite.
    Bogota's c.bank surprised most economists recently by raising its benchmark by 25 bps...to 5%...to cool its fastest growth in 5 years.
   http://www.bloomberg.com/news/2012-01-31/lone-colombian-forecaster-who-got-rate-call-right-predicts-more-increases.html