Romanian central bank cuts benchmark interest rate by 25 bps to 6.75%
BUCHAREST, July 5 (Reuters) -Romania's central bank cut its benchmark interest rate ROINTR=ECI by a quarter point to 6.75% on Friday, its first cut in over three years, but analysts see limited easing overall this year due elevated uncertainty ahead of two elections.
The bank cut its lending facility rate to 7.75% from 8.00% and its deposit rate to 5.75% from 6.00%. All but one analysts polled earlier this week had expected the cut after inflation fell faster than expected in May.
Reporting by Luiza Ilie; Editing by Anna Wlodarczak-Semczuk
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