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Romania borrows money at -0.11pct interest rate, first time to raise money at negative interest rates

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For the first time in history, Romania on Thursday borrowed money at a negative interest rate, acting announced on Thursday at the opening of a government meeting. According to data released by the of Romania (BNR), the Ministry of (MFP) on Thursday borrowed 150 million euros off of banks at an interest rate of - 0.11pct per annum, through the issuance of treasury certificates at a discount with a residual maturity of 5 months.

The nominal value of the issue was 150 million euros, and banks submitted bids for 229.1 million euros.

"Today

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