ISARESCU
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Isarescu: Romania Still Has Steps To Take Before Euro Adoption
Romania still has some steps to take before adopting the euro, which needs to be done at the right time, and not before some structural reforms were made, central bank governor Mugur Isaresc...
Isarescu: Romania's Financial Market Unbalanced, Need Alternatives To Banks
Romania’s financial market is unbalanced, as banks massively dominate with more than 80% of the total financial assets, according to central bank governor Mugur Isarescu, who said banks are...
Isarescu: Which Bank Will Grant Loans If Debtors Repay With Buildings?
Any legislative act that will allow debtors to repay their loans with the mortgaged properties will totally inhibit lending, said Mugur Isarescu, governor of the Romanian central bank.
Big IMF Loan Helped Romania Lower Risk Costs, Central Bank Head Says
Romania’s central bank governor said he wanted the country to borrow less from the International Monetary Fund back in 2009, but the 20 billion-euro bailout package provided enough cushion a...
Isarescu: Bank Clients Should Follow Real Interest Rates
Customers that place their money in bank deposits should rather look at the real interest rate, which currently is higher than a few years ago, central bank governor Mugur Isarescu said Tues...
Isarescu Doesn’t Believe in Euro-Zone Accession Without A Roadmap
Building a roadmap for Romania’s euro-zone accession is even more important than the target date, while the lack of the roadmap makes discussions about January 1, 2019 pointless, central ban...
Isarescu: Some Banks Cut Deposit Rates Too Much
Some banks have cut the interest rates at deposits too much, due to the liquidity surplus, but lenders still have room to reduce the loan rates, according to Romania’s central bank governor...
Isarescu: Romania Needs Policy Adjustments Before Joining Euro-zone
Romania needs to complete major adjustments of its economic policies before entering the exchange rate mechanism, the anteroom of the euro-zone, said central bank governor, Mugur Isarescu.
Governor: Romania's Banking System Has Liquidity, But Some Lenders Borrow From Central Bank
Romania’s banking system has enough liquidity but unevenly distributed, so that some lenders cannot access it and prefer to borrow from the central bank at weekly repo auctions, central bank...