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Central Bank Sees No Severe Risk to Romania's Financial Stability
Banks-Insurance

Central Bank Sees No Severe Risk to Romania's Financial Stability

Romania's central bank sees no severe risks to the country's financial stability in this year's second report on financial stability, deputy governor Florin Georgescu said Tuesday.

Oana Gavrila · 17.12.2019 · 13:36 · 1 min
Central Bank: Private Lending Growth is Robust; Avg Rate on New Loans Saw Slight Correction
Banks-Insurance

Central Bank: Private Lending Growth is Robust; Avg Rate on New Loans Saw Slight Correction

The central bank's board noted that private lending posted robust annual growth in September, slightly more moderate compared with August, its average dynamics for Q3 picking up to a level j...

Oana Gavrila · 13.11.2019 · 17:21 · 2 min
Romania's Central Bank Lowers Inflation Forecast to 3.8% in 2019, 3.1% in 2020
Macroeconomics

Romania's Central Bank Lowers Inflation Forecast to 3.8% in 2019, 3.1% in 2020

Romania's central bank has lowered its year-end inflation forecast to 3.8% for 2019, from a previous forecast of 4.2%, central bank governor Mugur Isarescu said Friday.

Oana Gavrila · 08.11.2019 · 12:26 · 1 min
Romania Central Bank Sees Annual Inflation Slightly Above Target Variation Band At End-2019
Macroeconomics

Romania Central Bank Sees Annual Inflation Slightly Above Target Variation Band At End-2019

Romania’s annual inflation rate is seen slightly above the target variation band at the end of 2019, but it is expected to subsequently return and stay in the upper half of the variation ban...

Ecaterina Craciun · 06.11.2019 · 19:21 · 1 min
Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year
Banks-Insurance

Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year

Romania's central bank on Wednesday kept its benchmark interest rate on hold at 2.5% a year.

Oana Gavrila · 06.11.2019 · 13:01 · 1 min
Central Bank Approves New Executive Management Of CEC Bank
Banks-Insurance

Central Bank Approves New Executive Management Of CEC Bank

Romanian state-owned lender CEC Bank on Friday announced the structure of its executive management, following the completion of the nomination process by the General Assembly of Shareholders...

Ecaterina Craciun · 25.10.2019 · 20:22 · 1 min
Romania’s Total External Debt Grows By EUR9.13B In January-August 2019, To EUR108.9B
Macroeconomics

Romania’s Total External Debt Grows By EUR9.13B In January-August 2019, To EUR108.9B

Romania’s total external debt grew by EUR9.13 billion in January-August 2019, to EUR108.9 billion, with the long-term debt accounting for 68.2%, central bank data showed Monday.

Ecaterina Craciun · 14.10.2019 · 14:32 · 1 min
Romania Annual Inflation Slows To 3.5% In September 2019
Macroeconomics

Romania Annual Inflation Slows To 3.5% In September 2019

Romania's annual inflation rate slowed to 3.5% in September 2019, lower by 0.4 percentage points compared with 3.9% in August 2019, data from the country's statistics board showed Friday.

Ecaterina Craciun · 11.10.2019 · 10:49 · 1 min
New Central Bank Board Takes Over Friday
Banks-Insurance

New Central Bank Board Takes Over Friday

Romania' central bank gets a new board starting Friday, for a period of five years, whose goal will be euro adoption.

Oana Gavrila · 10.10.2019 · 11:14 · 1 min