Romania to Hold Rates as Sticky Inflation Prevents Debate on Cut

Romania is poised to keep one of the highest interest rates in the European Union as the fight against elevated inflation takes precedence over easing the strain on the recession-hit...

By Andra Timu, Irina Vilcu · Bloomberg Markets

Romania is poised to keep one of the highest interest rates in the European Union as the fight against elevated inflation takes precedence over easing the strain on the recession-hit economy.