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Central Bank Deputy Governor Shares Businesses With E-Boda Founder
Banks-Insurance

Central Bank Deputy Governor Shares Businesses With E-Boda Founder

Bogdan Olteanu, deputy governor of the Romanian central bank, last year became shareholder with half of the shares in two companies where he partnered with Alexandru Dragoiu, the owner of el...

Oana Gavrila · 07.08.2013 · 00:00 · 1 min
Where Central Bank Leaders Keep Their Money
Banks-Insurance

Where Central Bank Leaders Keep Their Money

For the second year in a row, members of the board of directors of the Romanian central bank BNR reveal the names of banks where they hold current accounts and deposits through their persona...

Tudor Ioana Raluca · 06.08.2013 · 07:45 · 3 min
Isarescu Hopes For Cheaper Loans As Of September
Banks-Insurance

Isarescu Hopes For Cheaper Loans As Of September

Romanian central bank governor Mugur Isarescu Monday expressed hope that the lower monetary policy rate will translate into cheaper loans for local consumers as early as September.

Florentina Dragu · 05.08.2013 · 17:22 · 1 min
Capital Economics: Romania Central Bank Likely To Cut Key Rate To 4% By Year-end
Macroeconomics

Capital Economics: Romania Central Bank Likely To Cut Key Rate To 4% By Year-end

Romania’s central bank is likely to cut its key lending rate to 4% by year-end, British think-tank Capital Economics said in a report Monday.

Florentina Dragu · 05.08.2013 · 16:05 · 1 min
BNR Cuts Key Rate By 50 Bps To New Low Of 4.5%
Macroeconomics

BNR Cuts Key Rate By 50 Bps To New Low Of 4.5%

Romania’s central bank Monday lowered its main monetary policy rate for the second straight meeting by 50 basis points to a record low of 4.5% a year, exceeding expectations of a 25 bps cut.

Bogdan Neagu · 05.08.2013 · 15:50 · 1 min
BNR To Cut Key Rate To 4.75% Monday – Poll
Banks-Insurance

BNR To Cut Key Rate To 4.75% Monday – Poll

Romanian analysts estimate the central bank will cut its monetary policy rate by a quarter of a point to 4.75% at the upcoming meeting August 5, a survey from the Association of Romanian Fin...

Florentina Dragu · 01.08.2013 · 18:05 · 1 min
BNR: Romania Forex Reserves Rise To EUR33.35B In July
Banks-Insurance

BNR: Romania Forex Reserves Rise To EUR33.35B In July

Romanian foreign exchange reserves rose to EUR33.35 billion in July, from EUR32.3 billion a month earlier, central bank data showed Thursday.

Florentina Dragu · 01.08.2013 · 13:47 · 1 min
BNR Adds RON838M To Money Market
Banks-Insurance

BNR Adds RON838M To Money Market

Romania's central bank Monday raised interbank liquidity by 837.9 million lei (EUR190 million) via a seven-day repurchasing agreement operation, below last week’s cash injection of RON1.84 b...

Florentina Dragu · 29.07.2013 · 13:13 · 1 min
BNR: Follow-up Deal With IMF Should Shelter Romania’s Banks Against Abusive Claims
Banks-Insurance

BNR: Follow-up Deal With IMF Should Shelter Romania’s Banks Against Abusive Claims

Romania’s planned follow-up agreement with the International Monetary Fund should include a series of stipulations regarding the personal insolvency law that would limit bank exposure to dam...

Florentina Dragu · 24.07.2013 · 17:09 · 2 min