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Focus Romania- A new precautionary IMF agreement on the cards

Emerging Markets Special Focus Reports

19 Ιουλίου 2013
• The government will seek a new precautionary IMF agreement upon the successful completion of the last two reviews of the expired agreement
• Monetary easing resumed after 16 months: NBR cut interest rates by 25bps to 5% for the first time since March 2012
• GDP expanded by 0.5% qoq/+2.1% yoy in the first quarter, beating market expectations
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