By Enes Morina
Romania's central bank cut its key interest rate Friday, joining a growing number of its European peers in lowering borrowing costs, a sign that policymakers believe that inflation will continue to abate across the continent.
The National Bank of Romania cut its key interest rate to 6.75% from 7%, responding to a decline in the annual rate of inflation, which fell to 5.1% in May from 5.9% in April as it continued to decelerate for the fourth straight month.
Write to Enes Morina Hernandez at enes.morina@wsj.com
(END) Dow Jones Newswires
07-05-24 0825ET