3 days ago
Romania Holds Interest Rate With Tax Hikes Set to Fuel Inflation
Romania's central bank kept interest rates unchanged as the country braces for an inflation surge from a series of tax hikes designed to curb the budget deficit.
The National Bank of Romania held the benchmark rate at 6.5% on Friday, maintaining one of the highest borrowing costs in Europe for an eighth meeting and matching the estimates of all economists in a Bloomberg survey.
