Romania likely to keep rates unchanged
Romania will probably leave its benchmark interest rate unchanged at the last meeting this year on concerns over slowing economic growth as policy makers wait for a recent spike in inflation to ease. The Banca Nationala a Romaniei will keep its policy rate at 5.25 percent, the lowest on record, for a fifth meeting today, according to economists survey. A decision will be announced after 11 a.m. in Bucharest and will be followed by a briefing by Governor Mugur Isarescu. Banca Nationala a Romaniei will keep its policy rate at 5.25 percent, the lowest on record, for a fifth meeting today, according to survey. The Romanian central bank has been in a wait-and-see mode since May, when it stopped cutting rates to spur slowing economic growth, after political turmoil knocked the leu to a record low and drought-driven food prices.