UPDATE 1-CEE MARKETS-Romania central bank cuts rates, stocks rise on stimulus hopes - Reuters

9:43am PDT - August 5th, 2020    stimulus update - Reuters

Romania's central bank unexpectedly cut its benchmark interest rate by 25 basis points to 1.50% on Wednesday and pledged to continue providing liquidity as the economy reels under the impact of the coronavirus pandemic. Analysts in a Reuters poll had ex…