CENTRAL BANK
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Romanian Central Bank Supervisory Board Gets New Management
The supervisory board within the Romanian central bank will have new management as of October 1, with Adrian Cosmescu as board chairman and Nicolae Catalin Davidescu as deputy chairman.
Central Bank: Budget Deficit Can't Be Adjusted Brutally
Romania's major macroeconomic challenge starting 2021 is adjusting its budget deficit and macroeconomic imbalances as international markets are unlikely to accept large deficits for years to...
Romania Private Lending Grows 0.8% on Month in July
Private lending in Romania grew 0.8% in both nominal and real terms in July compared with June, to RON272 billion, central bank data showed Tuesday.
Three-Month Money Market Rate Drops To 2.05% After Key Rate Cut
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 2.05% a year Thursday, from 2.15% a year Wednesda...
Romanian Central Bank Lowers 2020 Inflation Forecast Slightly to 2.7%
Romania's central bank lowered its inflation forecast slightly to 2.7% for the end of 2020 from a previous projection 2.8%, while keeping the 2021 projection at 2.5%, according to the August...
Romanian Central Bank Cuts Key Rate to 1.5%
Romania's central bank on Wednesday decided to lower its benchmark interest rate by 25 basis points to 1.5% a year from 1.75% starting August 6. The bank also lowered its lending and deposit...
Central Bank, Financial Watchdog May Request Listed Banks To Put Off Dividend Distribution or Share Buyback Until Jan 1, 2021
Romania’s National Committee for Macroprudential Oversight (CNSM) recommends the country’s central bank BNR and the Financial Supervisory Authority (ASF) to request financial institutions un...
Central Bank Governor: Developments In Public Health Continue To Generate Unprecedented Uncertainty And Major Risks
Developments in public health continue to generate unprecedented uncertainty and major risks to the outlook for economic activity and to financial market functioning, with an impact on macro...
Valerie Marcelle Villafranca Gets Romania Central Bank Approval To Join BRD Board Of Directors
Romania’s central bank has approved the nomination of Valerie Marcelle Paule Villafranca as Member of the Board of Directors of BRD-SocGen.