EconoBlog

Romania’s central bank BNR raised its benchmark interest rate one point, the third consecutive increase, as inflation threatens to accelerate and the local currency weakens. The central bank increased its Monetary Policy Rate to 9 percent, the highest since 2005, from 8 percent, the bank said in an announcement today.

India’s central bank has kept interest rates on hold at 7.75%, disappointing those who were hoping for a cut. Economists said that rising food and fuel prices were more worrying for the Reserve Bank of India (RBI) than the impact of the sub-prime crisis. Indian interest rates rose five times between June 2006 and last […]