ISARESCU
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Isarescu: Leu Is In Equilibrium Area
The Romanian leu is in an equilibrium area, which might move if economic fundamentals are changed, central bank governor Mugur Isarescu said Thursday.
Isarescu: Public Sector Pay Hikes Won’t Hurt If Budget Targets Are Met
The restoration of public sector wages in Romania could lead to a gradual restoration of internal demand and it should not cause too much stir if budget targets agreed with the International...
Isarescu: Banks Are Too Busy Fixing Old Policies To Address New Loans
Romanian banks are too busy correcting their lending policy applied in the years prior to the global financial crisis to focus on new loans, central bank governor Mugur Isarescu said Wednesd...
Isarescu: Romania’s Central Bank Keeps Hefty Cash For Banking Panic
Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank...
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.
Isarescu: Romania Must Cover Social Security Budget Deficit By Creating New Jobs
Romania must cover its social security budget deficit by creating new jobs, because raising taxes will only encourage tax evasion, central bank governor Mugur Isarescu said Thursday.
Banks Give Cheap Funding To State, Private Sector Clients Pay
Bankers pumped another 5 billion lei (EUR1.15 billion) into the state’s coffers in January by buying government securities, while private-sector loans in local currency fell by EUR1 billion....
Isarescu Gives Banks A Breath Of Fresh Air, Eases Reserve Requirements
Romanian central bank BNR has eased the minimum reserve requirements for banks, a measure that could release liquidity into the market, especially foreign-currency.
Isarescu Tells Cash-Strapped Banks To Deal With It
Recent statements made by Romania’s central bank governor Mugur Isarescu caused a stir among bankers, as the central bank showed reluctance to extend the deadline for cash injections or acce...