ISARESCU
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Romanian Savers Split Up Deposits, Isarescu Says
Romanian central bank governor Mugur Isarescu Thursday said households have started to split up their bank deposits amid concern over the situation in Cyprus.
Isarescu: Economy Held Down By Fiscal Policies; Monetary Easing Not A Big Help
Romania’s fiscal policy might still be procyclical and it doesn’t really help the economy, central bank governor said Wednesday, mentioning that a more relaxed monetary policy would not help...
Isarescu: Government Should Limit Procyclical Fiscal Policies
Governments’ interventions in a market economy may help reduce the negative effects of economic and social constraints during one economic cycle or another, but, unless its interventions are...
BNR Keeps 2013 Inflation Forecast At 3.5%
Romanian central bank maintains its forecast on the year-end inflation unchanged at 3.5% in 2013, despite higher prices expected in the first half of the year, the bank’s chief Mugur Isaresc...
Isarescu Not Worried About Leu Exchange Rate
Romania’s money market is relatively balanced and the leu’s exchange rate poses no immediate problems, central bank governor Mugur Isarescu said Thursday.
Isarescu: Banks Still Very Much Stuck In Consumer Lending
The major problem of banks in Romania is that they are very much stuck in consumer lending and have not developed their capability to finance the entrepreneurial sector, believes central ban...
Isarescu: Lower Interest Rates To Depress Domestic Savings
A lower monetary policy rate would discourage domestic savings, while hurting economic growth, Romanian central bank governor Mugur Isarescu said Tuesday.
BNR Sees Inflation Peaking Near 6% In 1H
Romania’s annual inflation is expected to accelerate up to 6% in the first half of 2013 before easing toward the 3.5% upper end of the central bank’s target range, governor Mugur Isarescu sa...
Isarescu: Romania Won’t Need Austerity Measures In 2013, But Fiscal Discipline Required
Romania will no longer use austerity fiscal policies this year but needs financial discipline, especially regarding public spending, central bank governor Mugur Isarescu said Monday.