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Central Bank Reconfirms Inflation Outlook Above Target Variation Band This Year
Macroeconomics

Central Bank Reconfirms Inflation Outlook Above Target Variation Band This Year

Romania's central bank on Monday examined and approved the August 2019 Inflation Report, reconfirming the outlook for the annual inflation rate to remain above the variation band of the targ...

Oana Gavrila · 05.08.2019 · 15:51 · 1 min
Romanian Central Bank Holds Key Rate at 2.5% a Year
Banks-Insurance

Romanian Central Bank Holds Key Rate at 2.5% a Year

Romania's central bank on Monday kept its benchmark interest rate on hold at 2.5% a year, in line with analysts' expectations.

Oana Gavrila · 05.08.2019 · 13:03 · 1 min
BT: Overdue Loans Rate At Decade-Low YoY In June 2019
Banks-Insurance

BT: Overdue Loans Rate At Decade-Low YoY In June 2019

The volume of overdue loans decreased by 11.2% at the end of June 2019, compared with the same period a year before, down to RON7.4 billion, reaching the lowest level since October 2009, aga...

Ecaterina Craciun · 25.07.2019 · 12:13 · 1 min
Romania Private Lending Grows 0.8% on Month in June
Banks-Insurance

Romania Private Lending Grows 0.8% on Month in June

Private lending in Romania grew 0.8% (+1% in real terms) in June compared with May, to RON259.57 billion, central bank data showed Tuesday.

Oana Gavrila · 23.07.2019 · 12:07 · 1 min
Isarescu Says Current Account Deficit Increase Can Cause Problems
Macroeconomics

Isarescu Says Current Account Deficit Increase Can Cause Problems

The increase of the current account deficit, which nears 5%, can cause problems, and a correction cannot be made with the snap of one’s fingers, Romania's central bank governor Mugur Isaresc...

Ecaterina Craciun · 10.07.2019 · 18:14 · 1 min
Two Members Of CFA Romania Association Join Central Bank Board Of Directors
Banks-Insurance

Two Members Of CFA Romania Association Join Central Bank Board Of Directors

Cristian Popa and Csaba Balint, holders of the CFA (Chartered Financial Analyst) certification and members of the Chartered Financial Analysts Association – Romania (CFA Romania), will be jo...

Ecaterina Craciun · 09.07.2019 · 11:58 · 1 min
Romanian Central Bank Holds Key Rate at 2.5%
Banks-Insurance

Romanian Central Bank Holds Key Rate at 2.5%

Romania's central bank on Thursday kept its benchmark interest rate on hold at 2.5% a year, in line with analysts' expectations.

Oana Gavrila · 04.07.2019 · 12:58 · 1 min
Central Bank Reports 6.3-Fold Higher Profit In 2018, Of Nearly RON1.2B
Banks-Insurance

Central Bank Reports 6.3-Fold Higher Profit In 2018, Of Nearly RON1.2B

Romania’s central bank on Wednesday said it registered a profit of RON1.18 billion in 2018, 6.3-fold higher than in 2017, mostly due to the result obtained from foreign currency asset and li...

Ecaterina Craciun · 03.07.2019 · 15:56 · 1 min
Romania Forex Reserves Fall to EUR32.569B in June
Banks-Insurance

Romania Forex Reserves Fall to EUR32.569B in June

Romania's foreign exchange reserves fell to EUR32.569 billion at the end of June, from EUR32.84 billion at the end of May, central bank data showed Monday.

Oana Gavrila · 01.07.2019 · 14:15 · 1 min