In a strategic adjustment aimed at bolstering economic growth, Romania has reduced its benchmark interest rate from 6.75% to 6.50%. This decision, which was announced on 07 August 2024, marks a significant policy shift for the country and reflects its central bank’s efforts to manage inflation while stimulating the economy.The previous interest rate of 6.75% had been maintained for an extended period as the country grappled with inflationary pressures and economic uncertainties. The recent cut suggests that policymakers believe the inflationary risks have subsided to a manageable level, allowing for a more accommodative stance to support investment and consumer spending.Economic experts are now closely monitoring the impact of this decision on Romania’s financial markets and overall economic health. The move is expected to lower borrowing costs for businesses and consumers, potentially leading to increased economic activity in the coming months.The material has been provided by InstaForex Company – www.instaforex.com
- Israel’s Consumer Price Index Edges Up to 3.6% in August 2024 - September 15, 2024
- Israel’s CPI Climbs to 0.9% in August, Marking a Significant Increase from July - September 15, 2024
- AZN : IMFINZI Regimen Reduces Death Risk By 25% In Late-Stage Muscle-Invasive Bladder Cancer Trial - September 15, 2024
