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Romania Forex Reserves Grow To EUR53.2B On Month In March 2023
Banks-Insurance

Romania Forex Reserves Grow To EUR53.2B On Month In March 2023

Romania's foreign exchange reserves stood at EUR53.2 billion in March 2023, higher by EUR1.22 billion versus February 2023, central bank data showed on Monday (April 3).

Ecaterina Craciun · 03.04.2023 · 15:58 · 1 min
Bank Deposits Up 8.5% YoY To RON522B In February 2023
Banks-Insurance

Bank Deposits Up 8.5% YoY To RON522B In February 2023

Deposits of non-government resident customers grew by 1.7% in February 2023 up to RON522 billion versus January 2023, and by 8.5% (down 6.1% in real terms) versus February 2022, in line with...

Ecaterina Craciun · 23.03.2023 · 16:57 · 1 min
Romania Forex Reserves Grow To EUR52B On Month In February 2023
Banks-Insurance

Romania Forex Reserves Grow To EUR52B On Month In February 2023

Romania's foreign exchange reserves stood at EUR52 billion on February 28, 2023, higher by EUR1.8 billion versus January 2023, central bank data showed Wednesday (March 1).

Ecaterina Craciun · 01.03.2023 · 16:50 · 1 min
Romania's Central Bank Says GDP Growth Will Slow Down Significantly In 2023, But Will Recover In 2024
Macroeconomics

Romania's Central Bank Says GDP Growth Will Slow Down Significantly In 2023, But Will Recover In 2024

Romania's economic growth will slow down significantly in 2023, but will revive in 2024 more than previously anticipated, according to the minutes of the monetary policy meeting of the Board...

Ecaterina Craciun · 22.02.2023 · 17:36 · 14 min
Romania Central Bank Cuts Inflation Forecast To 7% For End-2023 From 11.2% Previously
Macroeconomics

Romania Central Bank Cuts Inflation Forecast To 7% For End-2023 From 11.2% Previously

Romania's central bank revised downwards its inflation forecast for end-2023 to 7% from its previous December projection of 11.2%, central bank governor Mugur Isarescu said on Wednesday (Feb...

Ecaterina Craciun · 15.02.2023 · 16:57 · 1 min
Romanian Central Bank Keeps Key Rate Unchanged At 7% a Year
Banks-Insurance

Romanian Central Bank Keeps Key Rate Unchanged At 7% a Year

Romania's central bank has decided at its board meeting on Thursday (February 9), its second monetary policy meeting of 2023, to keep its benchmark interest rate on hold at 7% a year.

Ecaterina Craciun · 09.02.2023 · 16:22 · 1 min
2022, Best Year For Foreign Direct Investment In Romania
Macroeconomics

2022, Best Year For Foreign Direct Investment In Romania

The net flow of foreign direct investment (FDI) stood at EUR10.2 billion in January-November 2022, Romania’s central bank said in its latest statement.

Ecaterina Craciun · 13.01.2023 · 18:07 · 1 min
Romania Central Bank Raises Key Rate To 7% A Year
Banks-Insurance

Romania Central Bank Raises Key Rate To 7% A Year

Romania's central bank has decided at its board meeting on Tuesday (January 10), its first monetary policy meeting of 2023, to raise its benchmark interest rate by 0.25% percentage points to...

Ecaterina Craciun · 10.01.2023 · 15:48 · 1 min
Badea, Central Bank: Romania’s International Reserves Hit New Record High At End-2022
Banks-Insurance

Badea, Central Bank: Romania’s International Reserves Hit New Record High At End-2022

One of the positive pieces of news at the end of 2022, with a relevant contribution for Romania’s macroeconomic and financial stability in 2023, is that the country’s international reserves...

Ecaterina Craciun · 06.01.2023 · 20:18 · 1 min