Forex | Forex | We expect a 50bp rate cut from the Romanian central bank (30/06/2009 06:45:31)

We expect a 50bp rate cut from the Romanian central bank

Review At a seminar in Sweden yesterday, Mr Kenneth Rogoff , Harvard professor in economics and former Economic Counsellor and Director at the Research Department of the IMF from August 2001 to September 2003, said that Latvia should devalue its currency. Further he said that the longer they wait, the tougher the economic situation will become. He implied that the IMF, if it accepts the Latvian currency regime, would make the same mistakes as was made during the Argentine crisis – until the


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