VASILESCU
10 articole · RSS
Romania’s Central Bank Governor Wants No Involvement In President-PM Battle
Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the letter of intent with the International Monetary Fund, nor does he want t...
Vasilescu, BNR: Very Few Consumers Still Eligible For Loans
Retail lending in Romania has reached an impasse after most of the consumers eligible for financing have already taken out loans, leaving banks with very few options to find new clients, an...
Vasilescu: BNR Will Use “All Its Instruments” To Stop An Excessive Depreciation Of The Leu
The National Bank of Romania doesn’t plan on sitting idly by, but will use all the instruments at its disposal if an excessive appreciation of the US dollar might endanger the price stabilit...
Vasilescu, BNR: Leu’s Depreciation Vs Euro Mirrors Regional Markets
The recent depreciation of the Romanian leu against the euro is in line with the regional trend and is caused by pressures from the eurozone, a central bank official said Wednesday.
Romanian Central Bank Has A Program To Encourage Lending In Lei
The three consecutive cuts of the key monetary policy rate from 6.25% to 5.5% made by the central bank since November last year and the constant liquidity boosts through repurchase agreement...
Vasilescu, BNR: 2015 Not A Fixed Deadline For Euro Adoption
Romanian central bank doesn’t see the year 2015 as a fixed deadline for the euro adoption, because the date might change, depending on the country’s ability to fulfill the required criteria...
Vasilescu, BNR: Lower FX Reserves Driven By Capital Outflows
The higher capital outflows on the backdrop of the international financial turmoil are primarily responsible for Romania’s declining foreign currency reserves in October, a central bank offi...
Romanian Leu’s Decline Vs Euro Contained At 2% - Central Banker
The Romanian leu has lost some ground against the euro in the past months, as investors are reluctant to bet on risky assets, but the national currency fell at a slower pace compared to its...
Vasilescu, BNR: Romania Capital Inflows At EUR16B Before Crisis; The Money Is Gone Now
Romania benefited from annual capital inflows of around EUR16 billion on average between 2004 and 2008, but the global financial crisis took a big chunk out which is not coming back, a centr...