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View Full Version : Romania Won't Cut Rates as Political Turmoil Sinks Leu - Bloomberg



NewsWhore
04-30-2012, 01:02 AM
Romania Won't Cut Rates as Political Turmoil Sinks Leu (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGRgbfqNfPKn4XfGWTl78iCz_YM7g&url=http://www.bloomberg.com/news/2012-04-29/romania-won-t-cut-rates-as-political-turmoil-sinks-leu.html)
Bloomberg
The turmoil triggered a sell-off in the country's currency, which fell close to an all-time low against the euro on April 27 and may force Romanian policy makers to shield the leu by keeping rates unchanged after lowering borrowing costs one percentage ...

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