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Csaba Bálint, Central Bank: Romania’s Economy Could Fare Better In Q4/2020 Than EU Average
Macroeconomics

Csaba Bálint, Central Bank: Romania’s Economy Could Fare Better In Q4/2020 Than EU Average

Romania's economy may perform better in the last quarter of 2020 compared to the EU average, as a result of the dissipation of the basic effects induced by the agricultural sector, Csaba Bál...

Ecaterina Craciun · 15.12.2020 · 21:09 · 1 min
Romania Forex Reserves Decline to EUR33.393 B in November
Macroeconomics

Romania Forex Reserves Decline to EUR33.393 B in November

Romania's foreign exchange reserves dropped to EUR33.393 billion at the end of November from EUR33.795 billion at the end of October, central bank data showed Wednesday.

Oana Gavrila · 02.12.2020 · 13:40 · 1 min
Preserving Confidence in the Romanian Currency, Key to Monetary Policy Conduct in 2020
Banks-Insurance

Preserving Confidence in the Romanian Currency, Key to Monetary Policy Conduct in 2020

Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to monetary policy conduct in 2020, according...

Oana Gavrila · 24.11.2020 · 18:08 · 2 min
Romanian Central Bank Lowers 2020 Inflation Forecast to 2.1% from 2.7%
Macroeconomics

Romanian Central Bank Lowers 2020 Inflation Forecast to 2.1% from 2.7%

Romania's central bank lowered its inflation forecast to 2.1% for the end of 2020 from a previous projection of 2.7%, while keeping the 2021 projection at 2.5%, according to the November Inf...

Oana Gavrila · 13.11.2020 · 12:48 · 1 min
Central Bank Sees Inflation Dropping Further in Short Term
Macroeconomics

Central Bank Sees Inflation Dropping Further in Short Term

Romania's central bank expects inflation to drop further in the short term before rising again and remaining close to 2.5%, it said in a detailed statement following Thursday's monetary poli...

Oana Gavrila · 12.11.2020 · 16:42 · 2 min
Romanian Central Bank Keeps Key Rate at 1.5%, Eases FX Reserve Requirements
Macroeconomics

Romanian Central Bank Keeps Key Rate at 1.5%, Eases FX Reserve Requirements

Romania's central bank on Thursday decided to keep its benchmark interest rate unchanged at 1.5% a year, but lowered minimum reserve requirements on foreign currency liabilities to 5% from 6...

Oana Gavrila · 12.11.2020 · 12:48 · 1 min
Romania Forex Reserves Grow to EUR33.795B in October
Macroeconomics

Romania Forex Reserves Grow to EUR33.795B in October

Romania's foreign exchange reserves grew to EUR33.795 billion at the end of October from EUR32.588 billion at the end of September, central bank data showed Monday.

Oana Gavrila · 02.11.2020 · 13:37 · 1 min
Central Bank OKs Pedro Weiss’ Appointment As Independent Member Of Raiffeisen Bank Supervisory Bank
Banks-Insurance

Central Bank OKs Pedro Weiss’ Appointment As Independent Member Of Raiffeisen Bank Supervisory Bank

Romania’s central bank has approved the appointment of Pedro Miguel Weiss as independent member of the Supervisory Board of lender Raiffeisen Bank.

Ecaterina Craciun · 09.10.2020 · 17:24 · 1 min
Romania's Forex Reserves Decline to EUR32.588B in September
Macroeconomics

Romania's Forex Reserves Decline to EUR32.588B in September

Romania's foreign exchange reserves dropped to EUR32.588 billion at the end of September from EUR35.768 billion at the end of August, central bank data showed Thursday.

Oana Gavrila · 01.10.2020 · 14:17 · 1 min