FT: Romania's interest rate cut – an exchange rate gamble but on the right course
But whether the country will be able to achieve the planned 2 percent economic growth this year very much depends on the developments in the eurozone, the country's biggest trade and finance partner.
“So, while the central bank in Bucharest is steering what looks like the right course, there’s not much it can do about the state of the choppy seas in which it finds itself,” FT concludes.
Read the full post here.
editor@romania-insider.com
(photo source: Photoxpress.com)