INTEREST RATES
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Isarescu Says Lenders Bound To Cut Interest Rates
Romanian banks are bound to lower their interest rates this spring, as liquidity in the system is increasing, central bank governor Mugur Isarescu said Thursday.
BNR Sees Lower Rates For Leu Loans In Next Months
Bank interest rates on Romanian leu-denominated loans are likely to enter a downward path in the coming months, but consumer confidence remains the main drive for lending growth, central ban...
BRD Sees Higher Bank Rates In Coming Months
Romanian bank interest rates are likely to increase in the coming period, despite the central bank’s monetary policy easing, the head of the country’s second largest lender BRD - Societe Gen...
Isarescu Warns Lenders High Deposit Rates May Backfire
Romanian central bank governor Mugur Isarescu Tuesday warned commercial lenders that their policy to increase interest rates on deposit facilities in a move to reduce their dependency on for...
ARB Head: Banks To Lower Interest Rates On Leu-Denominated Facilities In 2012
Romanian banks are likely to reduce interest rates on both deposits and loans in local currency in 2012, the head of the country’s banks association ARB said Tuesday.
Isarescu Hopes Banks Will Cut Loan Interest Rates
Mugur Isarescu, governor of the Romanian central bank BNR, hopes banks will reduce interests on loans, at least on leu-denominated ones, in line with the inflation decline, although the mark...
Bruynseels: BCR Won’t Slash Interest Rates Following Central Bank’s Rate Cut
Romania’s largest bank Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, doesn’t plan to lower its interest rates on loans following the central bank’s decision to cut t...
Raiffeisen’s Treasury Head Pleads For Lower Leu Interest Rates
Romania is in the odd situation where transactions are concluded in lei, but many prices are set directly in euros, so that the economy is basically relying on the euro, so why should leu-de...
Isarescu: Interest Rates On Leu Loans Likely To Fall
Romanian lenders continue to charge high interest rates on leu-denominated loans, well above the central bank’s key rate of 6.25%, but the fees are likely to come down in the following perio...