ISARESCU
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Isarescu Says Fuel Price Freeze Would Be Detrimental On Long Run
A price freeze on fuels would be detrimental to Romania on the long run, central bank governor Mugur Isarescu said Thursday.
Isarescu: Changing Euro Adoption Target Would Delay Reforms
Changing Romania’s euro adoption target would have only fueled political maneuvers to delay structural reforms, central bank governor Mugur Isarescu said Thursday, adding that the 2015 deadl...
Isarescu Says Romanian Food Prices Rise At 2nd Fastest Pace In Region
Romanian food prices are growing at the second-fastest pace in the region, after Bulgaria, central bank governor Mugur Isarescu said Thursday, adding that the prices’ weight in the consumpti...
Isarescu: Leu’s Appreciation Helped Mitigate Large Shocks
Romanian leu’s nominal appreciation against the US dollar has dampened import prices and helped mitigate larger shocks, particularly in the fuels market, central bank governor Mugur Isarescu...
Isarescu: Leu's Rise Vs Euro Difficult To Cap
Romanian central bank has trouble paring down the leu’s appreciation against the euro, as interest rates are already low and buying euros would create liquidity surplus in the market, govern...
Central Banker Says 2009/2010 Inflation Fiscal In Nature; Pressures Remain
Romania’s high inflation over the past two years was induced by fiscal imbalances and upward pressures will persist as long as the relation between taxpayers and beneficiaries of social secu...
Lower FX Reserve Requirements Give Banks More Flexibility - Central Banker
Romanian central bank’s decision to lower minimum reserve requirements for hard currency liabilities aims to increase liquidity in the market and give more flexibility to local banks, centra...
Central Bank Readies Measures To Discourage FX Household Lending
The Romanian central bank is preparing a set of measures to discourage foreign currency borrowing among people who get their paychecks in lei, central bank governor Mugur Isarescu said in an...