Argentina is the cheapest
According to information, the interest rate will be set close to 0.90%.
Erdogan this month fired bank governor Naci Agbal who had increased the country’s policy interest rate by a total of 875
The Board of the National Bank of Romania (BNR) decided today to keep the benchmark interest rate unchanged at 1.25 pct per annum, the central bank said in a release. The monetary authority also decided to maintain the deposit facility rate at 0.75 pct per annum and the lending facility rate (Lombard) at 1.75 pct per annum.
Central banks around the world should not discard negative interest rates policies (NIRP) but instead keep them in their toolkit, even if using such policies is unlikely, the IMF suggested on March 3.
"NIRP was and remains politically controversial, partly because it is often misunderstood," the global financial body stressed in a new report.