CENTRAL BANK
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Central Bank Asks Lenders To Cut NPL Ratio Below 10% In 2016
The National Bank of Romania asked each local lender to cut the non-performing loan ratio to less than 10% this year, Horia Manda, managing partner Axxess Capital, told ZF Bankers Summit’16,...
Romanian Leu In Danger After Brexit Vote - Central Bank Board Member
The Romanian leu is in danger after the UK voted to leave the European Union but the central bank will take measures to reduce its volatility, Daniel Daianu, member of the central bank board...
Romania Private Lending Grows 2.4% on Year in May
Romanian private lending increased 2.4% (6% in real terms) in May compared with May 2015, to RON218 billion, central bank data showed Thursday.
Romania Forex Reserves Rise to EUR32.67B in May
Romania's foreign exchange reserves grew to EUR32.67 billion in May, from EUR31.47 in April, the central bank said in a statement Wednesday.
Romania Private Lending Grows 0.1% in April
Romanian private lending increased 0.1% in April compared with March (0.2% in real terms), to RON216.4 billion, central bank data showed Thursday.
Central Bank Governor Warns Populist Measures Threaten Real Convergence
Increasing labor productivity is essential to advance real convergence and Romania should resist slipping into populist measures for election purposes, central bank governor Mugur Isarescu s...
Romania Sees Highest Growth Rate In EU, Central Bank Says It’s Forced Growth
Romania saw the highest growth rate in the EU in the first quarter, double as much as Spain and Germany, but its central bank warns the growth was bolstered by pro-cyclical measures.
Romania Central Bank Lowers Inflation Forecast to 0.6% This Year, 2.7% in 2017
Romania's central bank has revised down its inflation forecast for this year, to 0.6%, from a previous estimate of 1.4%, and to 2.7% in 2017, from a previous estimate of 3.4%.
Central Bank Governor: VAT Cuts Affect More Than 80% of Consumer Basket
Successive cuts in the value-added tax affect more than 80% of the consumer basket and the most recent VAT cut in January targeted about half of the consumer basket, central bank governor Mu...