bnr
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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...
Leu’s Depreciation Caused By Speculative Pressure, Euro Zone Problems - ING Bank Official
The depreciation of the Romanian currency is mainly speculative, unlike in 2008, when capital outflows were legitimate, and the central bank will no longer transfer pressure onto the monetar...
BNR: Romania Forex Reserves Down To EUR33.5B In May
Romanian foreign exchange reserves fell to EUR33.5 billion in May from EUR34.3 billion a month earlier, central bank data showed Friday.
ING: BNR Is Able To Fill The Financing Gap At Greek Banks
Romania is exposed to the risk of contagion with the Greek banking market, including through the over EUR4 billion financing lines with Greek banks, which can become uncertain, but the Roman...
Isarescu’s Dilemmas: How To Juggle Exchange Rate, Interests, Exports, Leu Savings And Lack Of Foreign Funding
Almost four years since the crash of the Lehman Brothers bank, the officially recognized milestone that marks the start of the most serious financial and economic crisis of the last eighty y...
BNR: Greek Banks Have Enough Cash And Government Paper To Meet Their Obligations
Greek-held banks in Romania have a solvency ratio that is two percentage points above the banking system average, their obligations are well covered in cash and government paper and the shar...
BNR’s Greatest Fear: Aggressive Lending Cut By European Banks
The fast, excessive and erratic reduction of lending by euro zone banks on the local market is the greatest risk threatening Romania, the central bank (BNR) believes, as a consequence of the...
Should The Economy Adjust To An Exchange Rate Of RON4.5 Per Euro?
The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans and increases people’s fears, which will impa...
BNR Keeps Key Rate Unchanged At 5.25%
The Romanian central bank (BNR) Wednesday kept its key rate unchanged at a record low of 5.25% a year, as political uncertainty following the government’s fall last week ended a monetary eas...