ISARESCU
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Isarescu: Central Bank Is Ready To Cut Reserve Requirements
Romania’s central bank governor Mugur Isarescu said Thursday that his institution is prepared to lower the minimum reserve requirements for both leu and foreign currency liabilities in 2014,...
Isarescu: Raising Deficit, Not The Right Way To Support Economic Growth
Romania’s economy has been hit hard by the government’s fiscal consolidation program and by the deleveraging process of foreign banks, but raising the public deficit is not the right strateg...
Romania’s Central Bank Governor Wants No Involvement In President-PM Battle
Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the let...
Isarescu: 2014 Inflation Forecast Doesn’t Factor In Latest Tax Increases
Romanian central bank governor Mugur Isarescu said Thursday that his institution has yet to assess the potential impact on the 2014 inflation rate of a recent series of fiscal measures annou...
BNR: 2013 Inflation Forecast Revised Down To 1.8%
Romania’s central bank revised downwards its 2013 inflation forecast to 1.8% from 3.1% previously, citing lower prices of volatile products, central bank governor Mugur Isarescu said Thursda...
Romania Central Bank Still Has Room To Cut Rates - Governor
Romania’s central bank still has “some” room to further lower its main interest rate, following four consecutive cuts this year, governor Mugur Isarescu said Tuesday.
Isarescu: Banks Have No Choice But To Cut Interest Rates
Romanian central bank governor Mugur Isarescu Monday said commercial lenders “will have no choice” but to reduce lending rates following the central bank’s monetary policy decisions over the...
Romania Central Bank Says It Intervened To Reduce Leu’s Volatility
The Romanian central bank has been keeping a close eye on the money market to prevent wide currency exchange fluctuations stemming from rapid capital movements, central bank governor Mugur I...
Romania Central Bank Will Do Everything Possible To Balance Loan Rates
Romanian central bank governor Mugur Isarescu Wednesday said that his bank would do “everything possible” to help narrow the gap between interest rates on domestic and foreign currency loans...