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Romania Kicks Off New Year With 2021’s First Rate Cut

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(Bloomberg) — Romania unexpectedly lowered borrowing costs to provide further support to its coronavirus-stricken economy, giving the world its first rate cut of 2021. The central bank reduced the benchmark to a record low of 1.25% at an unscheduled meeting on Friday, the fourth reduction since the pandemic took hold. That still leaves Romania’s rate higher than any other in the European Union.

Ben Oakley
Ben Oakley is the guy you can really trust when it comes to Mainstream News. Whether it is something happening at the Wall Street of New York City or inside the White House in Washington, D.C., no one can cover mainstream news like Ben. Get a daily dose of Trustworthy News by Ben Oakley, only at Globe Live Media.