Romania Central Bank Cuts Key Rate For First Time

By Enes Morina

Romania's central bank cut its key interest rate Friday, joining a growing number of its European peers in lowering borrowing costs, a sign that policymakers believe that inflation will continue to abate across the continent.

The National Bank of Romania cut its key interest rate to 6.75% from 7%, responding to a decline in the annual rate of inflation, which fell to 5.1% in May from 5.9% in April as it continued to decelerate for the fourth straight month.

Write to Enes Morina Hernandez at [e-mail]

(END) Dow Jones Newswires

07-05-24 0825ET