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Bloomberg
Romania extended a record pause in borrowing costs to almost a year and a half after an unexpectedly sharp slowdown in inflation and as central banks around the world loosen monetary policy.
The benchmark rate was left at 2.5% for a 12th straight meeting, as predicted by all economists surveyed by Bloomberg.
It’s the first decision by the new board, still led by the Governor Mugur Isarescu, the world’s longest-serving central bank boss.
While the Federal Reserve and the European Central Bank are deploying stimulus to counter slower economic growth, most eastern European countries are keeping interest rates on hold. Politics may also be a factor in the central bank’s decision-making.