The central bank of Romania is expected to fight the urge to cut its benchmark interest rate following the collapse of the government.
The news sent the nation’s currency, the leu, to a record low.
It means the basic rate of 5.25 is to be maintained, despite widespread belief that a 25 bps cut was in the cards.
The exchange rate is a highly sensitive issue for the country as it has significant foreign exchange debt that needs to have a solid level of servicing.
