Romania cuts rates as rising Covid-19 cases hurt economy
Central bank says resurgent pandemic risks recovery and calls for more clarity on fiscal policy
The National Bank of Romania cut its policy rate today (August 6), saying the country faced major risks from the resurgent Covid-19 pandemic.
The central bank’s board said it had decided to cut the policy rate by 25 basis points to 1.5%. It said Romania’s economy faced “extremely high uncertainty”.
The major source of economic risks “remains, at least in the short run, the coronavirus pandemic – which has resurged of late – and the associated containment measures”, the statement said. Romania
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