CENTRAL BANK
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Central Bank Sees Mounting Systemic Risks to Romania's Financial Stability
Two severe risks to Romania's financial stability are a rise in global uncertainty and fast deterioration of investor sentiment towards emerging economies and the worsening of domestic macro...
Romania's Central Bank Posts RON1.8B Profit in 2019, Up 52% on Year
Romania's central bank had a profit of nearly RON1.8 billion in 2019, 52% higher compared with 2018, mainly due to higher total revenues, the bank said in its annual report released Friday.
Central Bank Survey: Banks Envisage Harsher Lending Conditions For Firms, Households In Q2/2020
In a survey conducted by Romania's central bank in April 2020, banks estimated the lending standards and the terms of loan contracts for companies will be more restrictive in the second quar...
Central Bank To Pursue Sustainable Trend of Gradual Decline in Interest Rates
The main risks for Romania’s economy and finance are related to public health developments and the central bank will continue to steer measures towards providing necessary liquidity while sa...
Romania Central Bank Expects Significant Economic Downturn In 2020, Similar To 2009 Level
Romania’s central bank said the average dynamics of the real GDP will see a significant negative value, close to the level registered during the economic crisis of 2009. The bank released no...
Romania Forex Reserves Grow to EUR35.646B in May
Romania's foreign exchange reserves grew to EUR35.646 billion at the end of May from EUR33.156 billion at the end of April, central bank data showed Tuesday.
Romanian Central Bank Lowers 2020 Inflation Forecast to 2.8%
Romania's central bank on Friday lowered its inflation forecast to 2.8% for the end of 2020 from a previous projection of 3%.
Central Bank Lowers Key Rate to 1.75% a Year, Cuts Facilities Rates by 0.25 Points
Romania's central bank on Friday decided to lower its benchmark interest rate by 25 basis points to 1.75% a year starting June 2, after a cut to 2% back in March. The bank also lowered its l...
Isarescu: Central Bank’s Immediate Objective Is To Ensure Liquidity For Financing Budget Expenditure, Real Economy
The immediate objective of the National Bank of Romania (NBR) is to ensure the liquidity necessary to finance budget expenditures and the real economy, central bank governor Mugur Isarescu t...