Romanian Central Bank cut base rate to 8.5%
04 August 2009
On today's meeting, the Board of the National Bank of Romania decided to lower the base rate from 9% to 8.5%.
The cut was forecasted by most of economists because of the strong contraction of Romanian economy.
Since the beginning of 2009, Romanian Central Bank slashed the base rate from 10.25% to 8.5% currently.
The new rate is valid from 5th August.
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