Romania’s domestic borrowing costs rose “slightly” in the past few weeks pushed up by the European sovereign-debt crisis and political tensions in the country, Ziarul Financiar reported today, citing Deputy Finance Minister Cristian Sporis.
Sporis reiterated that the Finance Ministry frontloaded the borrowing program in the first half of the year, when it benefited from record-low yields, according to the newspaper. He also said the liquidity structure of the banking industry pushed borrowing costs higher on the domestic market.
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