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Romanian Central Bank Cuts Key Rate To 6.75% A Year From 7% A Year
Banks-Insurance

Romanian Central Bank Cuts Key Rate To 6.75% A Year From 7% A Year

Romania's central bank has decided at its Board meeting on Friday (July 5) to lower its benchmark interest rate to 6.75% a year from 7% a year, starting July 8.

Ecaterina Craciun · 05.07.2024 · 16:35 · 8 min
Romania Central Bank's 2023 Profit Hits 14-Year High, At RON2.4B
Banks-Insurance

Romania Central Bank's 2023 Profit Hits 14-Year High, At RON2.4B

Romania's central bank reported profit of RON2.4 billion for 2023, the highest level of the last 14 years and more than double the profit recorded in 2022.

Ecaterina Craciun · 20.06.2024 · 22:21 · 1 min
Romania's Central Bank Unveils Official Ranking Of Ten Largest Banks In 2023
Banks-Insurance

Romania's Central Bank Unveils Official Ranking Of Ten Largest Banks In 2023

The official ranking of the ten largest banks in Romania in 2023, published by the country's national bank BNR in the annual report for 2023, lists Banca Transilvania as leader last year, be...

Ecaterina Craciun · 20.06.2024 · 21:57 · 1 min
Romania Forex Reserves Grow To EUR65B In May 2024
Banks-Insurance

Romania Forex Reserves Grow To EUR65B In May 2024

Romania's foreign exchange reserves stood at EUR65.07 billion at end-May 2024, higher by EUR2.5 billion compared with EUR62.5 billion recorded in April 2024, central bank data showed on Mond...

Ecaterina Craciun · 03.06.2024 · 15:15 · 1 min
Central Bank: Romania's Annual Inflation Rate Expected To Decline To 4.9% In Dec 2024 vs Previous Prediction Of 4.7%
Macroeconomics

Central Bank: Romania's Annual Inflation Rate Expected To Decline To 4.9% In Dec 2024 vs Previous Prediction Of 4.7%

Romania's annual inflation rate is expected to decline to 4.9% in December 2024, from a previous projection of 4.7%, and to fall only marginally inside the variation band of the target at th...

Ecaterina Craciun · 23.05.2024 · 23:03 · 2 min
Romania's Central Bank Further Holds Key Rate Steady At 7% a Year
Banks-Insurance

Romania's Central Bank Further Holds Key Rate Steady At 7% a Year

Romania's central bank has decided at its Board meeting on Monday (May 13, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's fourth consecutive rate freeze in 2024...

Ecaterina Craciun · 13.05.2024 · 15:43 · 8 min
Romania's Central Bank: Annual Inflation Rate To Decline Further In Coming Months, But At A Slower Pace Than In 2023
Banks-Insurance

Romania's Central Bank: Annual Inflation Rate To Decline Further In Coming Months, But At A Slower Pace Than In 2023

The annual inflation rate will decline further in the coming months, but at a slower pace compared to 2023 and on a slightly higher path than that anticipated in the February 2024 medium-ter...

Ecaterina Craciun · 17.04.2024 · 00:10 · 5 min
Romania's Central Bank Further Holds Key Rate Steady At 7% a Year For 10th Consecutive Time
Banks-Insurance

Romania's Central Bank Further Holds Key Rate Steady At 7% a Year For 10th Consecutive Time

Romania's central bank has decided at its Board meeting on Thursday (April 4, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's tenth consecutive rate freeze.

Ecaterina Craciun · 04.04.2024 · 16:07 · 8 min
Romania Forex Reserves Grow To EUR64.2B In March 2024
Banks-Insurance

Romania Forex Reserves Grow To EUR64.2B In March 2024

Romania's foreign exchange reserves stood at EUR64.2 billion at end-March 2024, higher by EUR1.15 billion compared to EUR63.1 billion on February 29, 2024, central bank data showed on Monday...

Ecaterina Craciun · 01.04.2024 · 14:41 · 1 min