bnr
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Central Bank Holds Key Rate At 5.25%
Romania’s central bank kept its key rate unchanged at 5.25% for a third straight time Thursday, in line with expectations, as financial and economic woes in Europe, coupled with political te...
Burden Of Euro Loans Becomes Unbearable For The New Exchange Rate Level
Romanians are stifled by euro loans, cut consumption, while companies count their losses. The depreciation of the leu by 7.4% against the euro this year increases the bills of the population...
Change Of Direction In BNR’s Policy?
BNR is keeping interests low and lets the leu constantly depreciate, as recommended by the International Monetary Fund.
Head Of BNR Supervision: Most Banking Business Models Pursue Big Interest Margins
Banks are keeping deposit interest rates high, in a bid to replace sources of external funding with liquidity from the local market, but this can lead to poor resource management, as well as...
Central Bank Governor Reluctant To Comment On Political Situation
Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under press...
Average Net Wage In BNR Three Times Higher Than Romania's Average Salary
The average monthly net salary in Romania's central bank, or BNR, was around 5,000 lei (EUR1,180), higher than the average gain in commercial banks and three times higher than the net wage i...
BNR Turns Into Surrogate Parent For Foreign-Held Romanian Banks
For the first time ever, Romania’s central bank (BNR) says financing of foreign-held banks by their parent banks is uncertain and therefore finds it has to lend them money itself.
BNR: Romania FDI Falls To EUR446M In Jan-Apr
Romanian foreign direct investment, or FDI, fell to EUR446 million in the first four months of 2012 from EUR490 million in the same period a year ago, the central bank said Friday.
BNR: Current Account Deficit At EUR1.23B In Jan-Apr, Down 23.7% On Year
Romania's current account deficit narrowed to EUR1.23 billion in the first four months from EUR1.61 billion in the same period of 2011, due mainly to the increase in the current transfers’ s...