Romania Surprises With Bolder Rate Hike as Price Pressures Grow.

(Bloomberg) -- Romania unexpectedly raised interest rates by the most since before the 2008 global financial crisis, stepping up efforts to tackle decade-high inflation and catch up with bolder moves by other central banks in the region. The National Bank of Romania raised the benchmark rate by half a point to 2.5% on Wednesday, a move predicted by only five of the 13 economists surveyed by Bloomberg. [Extracted from the article]

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