Romania: Consumption Remains Sluggish

Politics ♦ Published: October 3, 2013; 18:46 ♦ (Vindobona)

In order to support Romania´s economy, the National Bank of Romania continues its monetary easing policy.

Romania: Consumption Remains Sluggish / Picture: ©

At the end of September, the council of NBR (National Bank of Romania) decided to cut the interest rate from 4.5% to 4.25%. NBR stressed that Romania´s economy registers a mixed development. In the first half year, Romania´s GDP growth rate came at 0.3%.

On the one hand, net exports of the manufacturing sector are still Romania´s growth driver. On the other hand, domestic…