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Consumer Loan Reference Index IRCC Down At 5.55% For April 1- June 30, 2025
Banks-Insurance

Consumer Loan Reference Index IRCC Down At 5.55% For April 1- June 30, 2025

The IRCC, which banks use to set the interest rate for new loans taken since the spring of 2019, will stand at 5.55% a year in April 1 -June 30, 2025 period, lower than the 5.66% level set f...

Ecaterina Craciun · 31.03.2025 · 20:48 · 1 min
Central Bank: Romania's M3 Money Supply Up 9% YoY In February 2025
Banks-Insurance

Central Bank: Romania's M3 Money Supply Up 9% YoY In February 2025

M3, the broadest gauge of money supply, grew by a nominal 9% to RON737.2 billion (EUR148.2 billion) in February 2025 versus February 2024, Romania's central bank, BNR, has announced in a mon...

Ecaterina Craciun · 25.03.2025 · 17:50 · 1 min
Romania Forex Reserves Rise To EUR62.5B In February 2025
Macroeconomics

Romania Forex Reserves Rise To EUR62.5B In February 2025

Romania's foreign exchange reserves stood at EUR62.5 billion at the end of February 2025, higher by EUR1.75 billion than the EUR60.8 billion level reported on January 31, 2025, Romania’s cen...

Ecaterina Craciun · 03.03.2025 · 18:52 · 1 min
Romania's Central Bank Keeps Key Rate At 6.5% a Year
Macroeconomics

Romania's Central Bank Keeps Key Rate At 6.5% a Year

Romania's central bank has decided at its Board meeting on Friday (February 14, 2025) to keep its key interest rate unchanged at 6.5% a year.

Loredana Frățilă-Cristescu · 14.02.2025 · 23:24 · 8 min
Romania's Central Bank Further Leaves Benchmark Interest Rate Unchanged At 6.5% a Year
Banks-Insurance

Romania's Central Bank Further Leaves Benchmark Interest Rate Unchanged At 6.5% a Year

Romania's central bank has decided at its Board meeting on Wednesday (Jan. 15, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.

Ecaterina Craciun · 15.01.2025 · 16:55 · 7 min
Romania's Central Bank Approves Internal Regulation On General Framework For Emergency Liquidity Assistance
Banks-Insurance

Romania's Central Bank Approves Internal Regulation On General Framework For Emergency Liquidity Assistance

Romania's central bank has announced in a press statement on Dec.10 that its Board of Directors approved on September 30, 2024 the Internal Regulation on the general framework for emergency...

Ecaterina Craciun · 10.12.2024 · 16:34 · 1 min
Romania's Central Bank Further Keeps Key Rate Steady At 6.5% a Year
Banks-Insurance

Romania's Central Bank Further Keeps Key Rate Steady At 6.5% a Year

Romania's central bank has decided at its Board meeting on Friday (Nov 8, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.

Ecaterina Craciun · 08.11.2024 · 15:46 · 9 min
KPMG Assisted Token Payment Services In Getting Greenlight From Romania's Central Bank As Payment Institution
Banks-Insurance

KPMG Assisted Token Payment Services In Getting Greenlight From Romania's Central Bank As Payment Institution

An integrated team of lawyers and advisors from law firm KPMG Legal – Toncescu si Asociații and KPMG Advisory, acted as consultant in the process during which Token Payment Services (TOKEN)...

Ecaterina Craciun · 18.10.2024 · 19:18 · 1 min
Romania's Central Bank Authorizes TOKEN Payment Services As Online Payment Institution
Companies

Romania's Central Bank Authorizes TOKEN Payment Services As Online Payment Institution

Token Payment Services (TOKEN) was authorized by Romania's central bank to accept online payment operations and transactions at physical POS (point of sale) terminals, in accordance with PSD...

Ecaterina Craciun · 14.10.2024 · 17:01 · 1 min