Romania’s central bank unexpectedly cut its main interest rate for the first time in 19 months as slowing inflation gave policy makers room to spark economic growth during the euro-area’s sovereign-debt crisis.
The Banca Nationala a Romaniei lowered the monetary-policy rate to a record-low 6 percent from 6.25 percent, the Bucharest- based bank said in an e-mailed statement today. The decision matched the forecast of one of 15 economists in a Bloomberg survey. The other 14 expected no change.
