ISARESCU
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Isarescu: Who Had Cash To Buy 1 Bln Euros?
Governor Mugur Isarescu questioned the accuracy of ING Bank’s calculations which indicate the central bank has sold EUR1 billion in May to keep the exchange rate stable.
Isarescu Says 2005/06 Monetary Policy Tightening Not Good
Romanian central bank’s monetary policy tightening in 2005-2006 had a negative impact on prices, because it led to a non-sustainable appreciation of the leu and a boom of the foreign currenc...
President Basescu Invites BNR Governor Isarescu “Into Arena”
Romanian President Traian Basescu yesterday launched a direct attack against central bank governor Mugur Isarescu, saying that, before lecturing on how to run a country, he should come out i...
Isarescu: Pension Cuts Preferable To VAT Rate Increase
Lowering the pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isare...
Romania Central Bank Sees Rising Capital Inflows On Medium-Term
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday.
Isarescu: There’s No Predetermined Economic Growth Model
The economic growth model is not predetermined, but is based on the decisions of private investors and on macroeconomic policies, Romanian central bank governor Mugur Isarescu said Wednesday...
Isarescu’s New Dilemma: How Much Can the Euro Slide Without Attracting Speculators Again
The Romanian central bank BNR is no longer thinking favorably about leu's strengthening further, after it gained some 4% since the start of the year. The rising leu is attracting portfolio i...
BNR Won’t Limit Forex Mortgage, Real Estate Loans
Romanian central bank will most likely refrain from measures to limit mortgage and real estate lending in foreign currency, because the local market is unable to provide adequate financing r...
BNR: Stable Exchange Rate Preferable On Long Run
Romania's central bank targets a stable exchange rate of the leu versus the euro, even if a stronger leu would help the disinflation process on the short term, central bank governor Mugur Is...