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Romania's Bank Tax Could Lower Interests on Deposits
The so-called “greed tax” on bank assets will not necessarily affect lending so much as it might prompt bank to cut costs by lowering interest rates on deposits, which are already below the inflation rate.
Romania Central Bank Leaves Key Rate Unchanged At 2.25%
Romania's central bank on Wednesday left its benchmark interest rate unchanged at 2.25% a year, the bank said in a statement.
Romania Central Bank Raises Key Rate to 2%/Year
Romania's central bank on Monday raised its benchmark interest rate to 2% a year from a previous record low of 1.75% and raised the interest for deposit facilities to 1% and that for lending...
Limiting Interest Rates on Loans Impossible in Market Economy - Central Bank Official
Limiting interest rates on household loans is not part of a market economy, said central bank board member Daniel Daianu in response to a bill that seeks to limit interests rates on loans to...
Romanian Central Bank Leaves Key Rate Unchanged at 1.75%, Narrows Facilities Corridor
Romania's central bank on Tuesday left its benchmark interest rate unchanged at a record low 1.75% a year, a level unchanged since May 2015, the bank said in a statement.
CFA Romania Analysts See Leu Weakening, Interest Rates Rising In Next 12 Months
The Chartered Financial Analysts Association – Romania (CFA Romania) expects the Romanian leu to weaken and leu interest rates to increase in the next 12 months.
Greek, Cypriot Banks Continue To Offer Highest Interests On Deposits
Despite the scandal surrounding the suspension of the activity at the Bank of Cyprus for almost a month and despite talks on the risk of putting money in deposits at high interest rates, Gre...
Volksbank Romania Willing To Pay Higher Interests On Deposits To Attract Customers
Volksbank Romania, the local unit of Austria’s Volksbank AG, plans to keep the interest rate on savings products above the market average to balance the loan to deposit ratio and increase th...