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BNR Lowers Key Rate By 25 Bps To 4.25%
Macroeconomics

BNR Lowers Key Rate By 25 Bps To 4.25%

Romania’s central bank Monday cut its main monetary policy rate for the third straight meeting, shaving off 25 basis points to 4.25% a year, in line with market expectations.

Florentina Dragu · 30.09.2013 · 15:59 · 1 min
Romania Central Bank Lends RON302.6M In 7-Day Repo
Banks-Insurance

Romania Central Bank Lends RON302.6M In 7-Day Repo

Romania's central bank Monday lent 302.6 million lei (EUR67.8 million) to a local commercial bank via a seven-day repurchasing agreement operation at an annual interest rate of 4.5%, equal t...

Florentina Dragu · 30.09.2013 · 15:53 · 1 min
BNR Revises Up Romania's 2012 FDI To EUR2.1B
Macroeconomics

BNR Revises Up Romania's 2012 FDI To EUR2.1B

Romania’s central bank has revised upwards foreign direct investment data for 2012 to 2.14 billion euro, up from EUR1.8 billion in the previous year, the bank said in a news release Monday.

Bogdan Neagu · 30.09.2013 · 11:18 · 1 min
Analysts: BNR Likely To Cut Key Rate To 4.25% Next Week
Banks-Insurance

Analysts: BNR Likely To Cut Key Rate To 4.25% Next Week

The Romanian central bank could cut its monetary policy rate by 25 basis points to 4.25% in a Board meeting scheduled for September 30, according to a survey released Tuesday by the associat...

Bogdan Neagu · 24.09.2013 · 17:40 · 1 min
Romania Private Lending Inches Up To RON222B In August
Banks-Insurance

Romania Private Lending Inches Up To RON222B In August

Romanian private lending edged up 0.4% in real terms to 221.9 billion lei (EUR49.62 billion) in August, from RON221.4 billion a month earlier, central bank data showed Tuesday.

Florentina Dragu · 24.09.2013 · 11:39 · 1 min
BNR's Olteanu: Romania Central Bank Has Moral, Legal Duty To Buy Gold At Best Price
Banks-Insurance

BNR's Olteanu: Romania Central Bank Has Moral, Legal Duty To Buy Gold At Best Price

The Romanian central bank has a “moral and legal duty” to purchase gold at the best market price and any future acquisition will me made according to the highest standards, deputy governor B...

Florentina Dragu · 19.09.2013 · 17:55 · 1 min
BNR Will Cut Key Rate Only If Inflation Enters Target Band
Banks-Insurance

BNR Will Cut Key Rate Only If Inflation Enters Target Band

Romania’s central bank pledged it would not further reduce the monetary policy rate if inflation stays above the targeted level, according to the final version of the country’s letter of int...

Bogdan Neagu · 16.09.2013 · 18:16 · 1 min
Romania FDI Down 29% On Year To EUR946M In January-July
Macroeconomics

Romania FDI Down 29% On Year To EUR946M In January-July

Romanian foreign direct investment, or FDI, fell 28.9% year-on-year to EUR946 million in the first seven months, the central bank said Wednesday.

Bogdan Neagu · 11.09.2013 · 14:55 · 1 min
BNR: Romania Posts EUR489M Current Account Surplus In First 7 Months
Macroeconomics

BNR: Romania Posts EUR489M Current Account Surplus In First 7 Months

Romania's current account balance posted a surplus of EUR489 million in the first seven months versus a deficit of EUR3.04 billion in the year-ago period, central bank data showed Wednesday.

Bogdan Neagu · 11.09.2013 · 14:45 · 1 min