ISARESCU
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Isarescu Says No Regrets Over Flexible Deal With Parent Banks
Romania’s flexible agreement with the parent banks of the top nine local lenders could pose some risks pertaining to capital levels, but the central bank has the means to monitor as well as...
Romania Central Bank Sees Room For Further Monetary Easing
Romanian central bank has sufficient room to further reduce its key rates, but the easing process must be prudent because it’s tightly connected to market evolutions, governor Mugur Isarescu...
BNR Sees 2012 Economic Growth Above 2%
Romanian central bank’s inflation projections for 2012 are based on an economic growth slightly higher than 2%, governor Mugur Isarescu said Monday.
Isarescu: Romanian Leu Exchange Rate Has Reached Equilibrium
Romanian leu’s exchange rate has reached a state of equilibrium against the euro, which should be sheltered from any rash measures, central bank’s governor Mugur Isarescu said Monday.
BNR Cuts 2011 Inflation Forecast To 3.3%
Romania's central bank revised down its forecast on the year-end inflation to 3.3% in 2011, from 4.6% previously, governor Mugur Isarescu said Monday.
BNR Sets Up Bridge Bank To Save Ailing Banks
The National Bank of Romania (BNR) is to complete and approve the regulations of the operation of a new financial institution on the local market - the so-called bridge bank, which should be...
BNR: New Regulations Won’t Limit Foreign Mortgage Lending
Romanian central bank’s new lending regulations don’t include restrictions for mortgage loans in foreign currency, governor Mugur Isarescu said Friday.
Isarescu: Financial Crises Are Impossible To Avoid
The financial system invests in the future, takes on risks, so it is impossible for it not to be in offside position from time to time. Financial crises cannot be avoided, they can only be m...
Isarescu Says Killing Foreign Lending Big Mistake
Romanian mortgage market relies heavily on the foreign lending and killing the foreign loans altogether would be a “grave error,” central bank governor Mugur Isarescu said Thursday.