Reuters: Romania raises interest rates after inflation surge

Romania’s central bank raised its benchmark interest rate by 25 basis points to 2.50 percent on Monday to tackle sharply rising prices, as its governor said borrowing costs would stay below inflation, euters correspondent informs. Higher energy prices and consumption-friendly wage hikes drove annual inflation in the import-reliant European Union state to a five-year high of 5 percent in March, significantly above the central bank’s 1.5-3.5 ...

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