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Banks-Insurance

Three-Month Money Market Rate Flat At 3.30%

The 3-month money market interest rate used to calculate interests for consumer loans in lei stayed put at 3.30% a year on Friday, central bank data show.

Ecaterina Craciun · 10.08.2018 · 14:27 · 1 min
Romania Central Bank Revises 2018 Inflation Forecast Down to 3.5%
Macroeconomics

Romania Central Bank Revises 2018 Inflation Forecast Down to 3.5%

Romania's central bank on Wednesday revised its year-end inflation forecast to 3.5% from a previous projection of 3.6%, but warned inflationary pressures remain.

Oana Gavrila · 08.08.2018 · 12:47 · 1 min
Central Bank Sees Inflation Declining in 3Q, Heading To Upper Bound of Target Interval
Macroeconomics

Central Bank Sees Inflation Declining in 3Q, Heading To Upper Bound of Target Interval

Romania's central bank sees the annual inflation rate declining in the third quarter, remaining above the variation band of the target, before dropping more visibly in the final months of 20...

Oana Gavrila · 06.08.2018 · 15:38 · 1 min
Romania Central Bank Keeps Key Rate On Hold At 2.5% a Year
Banks-Insurance

Romania Central Bank Keeps Key Rate On Hold At 2.5% a Year

Romania's central bank on Monday kept its benchmark interest rate on hold at 2.5% a year, the bank said in a statement.

Oana Gavrila · 06.08.2018 · 12:10 · 1 min
Romania Forex Reserves Fall to EUR31.378 B in July
Banks-Insurance

Romania Forex Reserves Fall to EUR31.378 B in July

Romania's foreign exchange reserves fell to EUR31.378 billion end-July, from EUR31.766 billion at the end of June, central bank data showed Wednesday.

Oana Gavrila · 01.08.2018 · 13:46 · 1 min
Romania Private Lending Grows 1.4% on Month in June
Banks-Insurance

Romania Private Lending Grows 1.4% on Month in June

Romanian private lending grew 1.4% (1.4% in real terms) in June compared with May, to RON242.44 billion, central bank data showed Tuesday.

Oana Gavrila · 24.07.2018 · 12:06 · 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 Wednesday left its benchmark interest rate on hold at 2.5%, the bank said in a statement.

Oana Gavrila · 04.07.2018 · 15:52 · 1 min
Romania Forex Reserves Fall to EUR31.766B in June
Banks-Insurance

Romania Forex Reserves Fall to EUR31.766B in June

Romania's foreign exchange reserves fell to EUR31.766 billion end-June, from EUR33.123 billion at the end of May, central bank data showed Monday.

Oana Gavrila · 02.07.2018 · 13:49 · 1 min
Romania Central Bank Governor Cautions on Growing External Imbalances
Macroeconomics

Romania Central Bank Governor Cautions on Growing External Imbalances

External imbalances have grown due to fiscal stimulus that boosted consumption but have not yet reached the caution threshold. However, the strong growth trend is concerning, central bank go...

Oana Gavrila · 29.06.2018 · 13:30 · 1 min