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Romania Central Bank Raises Key Rate To 5.50% A Year
Banks-Insurance

Romania Central Bank Raises Key Rate To 5.50% A Year

Romania's central bank has decided at its board meeting on Friday (August 5) to raise its benchmark interest rate to 5.50% a year from the current rate of 4.75% a year, starting August 8, 20...

Ecaterina Craciun · 05.08.2022 · 15:29 · 1 min
Romania’s Central Bank: Private Consumption up in Q2
Macroeconomics

Romania’s Central Bank: Private Consumption up in Q2

Private consumption increased in the second quarter of 2022 compared with the year-ago period, while investments followed a downward trend, which makes a decisive impact on the decline of th...

Loredana Frățilă-Cristescu · 19.07.2022 · 18:44 · 1 min
Romania’s Central Bank: Inflation Rate to Rise until Mid Q3, 2022, Though Slower
Macroeconomics

Romania’s Central Bank: Inflation Rate to Rise until Mid Q3, 2022, Though Slower

The annual inflation will increase until the middle of the third quarter of 2022, yet at a visibly slower pace, Romania’s central bank monetary policy meeting minutes show.

Loredana Frățilă-Cristescu · 19.07.2022 · 14:49 · 1 min
Central Bank: Romanians’ Real Estate Assets Up Almost 21% In 2020 And 2021
Banks-Insurance

Central Bank: Romanians’ Real Estate Assets Up Almost 21% In 2020 And 2021

Romanians’ real estate assets have continued to grow in 2020 and 2021, the two years of the COVID-19 pandemic, by RON360 billion, respectively 20.7% above the 2019 level, reaching a record h...

Ecaterina Craciun · 07.07.2022 · 14:00 · 1 min
Three-Month ROBOR Spikes To 6.76% On July 7 After Central Bank Raises Key Rate To 4.75%
Banks-Insurance

Three-Month ROBOR Spikes To 6.76% On July 7 After Central Bank Raises Key Rate To 4.75%

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 6.76% a year o...

Ecaterina Craciun · 07.07.2022 · 12:20 · 1 min
Romanian Central Bank Sees Annual Inflation On Upward Trend Until Mid-Q3/2022, But At A Visibly Slower Pace
Macroeconomics

Romanian Central Bank Sees Annual Inflation On Upward Trend Until Mid-Q3/2022, But At A Visibly Slower Pace

Romania’s central bank expects the annual inflation rate will stick to an upward path until mid-Q3, yet at a visibly slower pace, thus climbing moderately above the levels projected in May 2...

Ecaterina Craciun · 06.07.2022 · 18:32 · 3 min
Romania Central Bank Raises Key Rate To 4.75% A Year
Banks-Insurance

Romania Central Bank Raises Key Rate To 4.75% A Year

Romania's central bank on Wednesday (June 6) raised its benchmark interest rate to 4.75% a year from the current rate of 3.75% a year, starting July 7, 2022.

Ecaterina Craciun · 06.07.2022 · 13:35 · 1 min
Romania Central Bank Reports RON2.01B Profit For 2021
Banks-Insurance

Romania Central Bank Reports RON2.01B Profit For 2021

Romania’s central bank reported a profit of RON2.01 billion in 2021, down 1% from 2020, of which RON1.6 billion will go to the state budget, representing 80% of the bank’s net revenues, resp...

Ecaterina Craciun · 04.07.2022 · 12:09 · 1 min
Romania's Central Bank Sets Up Payments Committee
Banks-Insurance

Romania's Central Bank Sets Up Payments Committee

The Board of Directors of Romania’s central bank has established a Payments Committee.

Ecaterina Craciun · 23.05.2022 · 14:58 · 1 min