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First Romanian interest rate hike since 2008

AFP  |  Bucharest 

Romania's central announced today its first hike in since 2008, as picks up and the expands at one of the fastest paces in

The BNR central said it has lifted its benchmark to 2.0 per cent from 1.75 per cent, the first increase since August 2008.

in hit 4.4 per cent in November and the country's expanded at an annual rate of 8.8 per cent in the third quarter.

The move created some surprise, having been predicted by just five out of 15 economists in a survey.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 20:35 IST