ISARESCU
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Central Bank Gov Says Peak Tension Caused by Covid-19 Crisis in Finance Has Passed
The peak tensions generated by the Covid-19 crisis in the monetary, banking and financial sectors has been overcome and cash withdrawals have dropped significantly in recent days after a rec...
Central Bank Governor Says Economy Is Concerning But Manageable
Romania's economy is neither collapsing nor on the brink of collapse despite claims by politicians that the state of the country's economy is in difficulty, central bank governor Mugur Isare...
Isarescu Says Current Account Deficit Increase Can Cause Problems
The increase of the current account deficit, which nears 5%, can cause problems, and a correction cannot be made with the snap of one’s fingers, Romania's central bank governor Mugur Isaresc...
Isarescu: Ensuring Economic Growth Under Conditions of Fiscal Consolidation, A Challenge In Upcoming Period
Ensuring economic growth under conditions of fiscal consolidation is a challenge in the coming period, considering that the consumption pedal no longer has too much room for maneuver, Romani...
Isarescu Says Managing Macroeconomic Balances Is Main Risk to Romania's Financial Stability
The deterioration of macroeconomic balances is the main risk identified by the central bank it its latest report on Romania's financial stability, released Wednesday.
Central Bank Doesn't Rule Out Rate Hikes This Year
Romania's central bank doesn't rule out raising the benchmark interest rate this year but doesn't foresee such a move either, governor Mugur Isarescu said Friday.
Isarescu Warns New Loan Reference Index Won't Work Miracles
The new reference index for consumer loans, introduced in May, shouldn't be regarded as a miracle that will bring justice to everyone because the market is competitive and banks may set thei...
Central Bank Board to Discuss Gold Reserve Repatriation Bill
The central bank board meets Tuesday afternoon to discuss the Senate's adoption of a bill seeking to force the central bank to repatriate the country's gold reserve deposited abroad.
Central Bank Paid EUR1B in Taxes Over Past Decade
Romania's central bank has paid the equivalent of EUR1 billion in the past ten years to the Romanian state as tax on profit, governor Mugur Isarescu said Monday, adding that “lies spread fas...