bnr
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Isarescu Gives Banks A Breath Of Fresh Air, Eases Reserve Requirements
Romanian central bank BNR has eased the minimum reserve requirements for banks, a measure that could release liquidity into the market, especially foreign-currency.
Banks Give Cheap Funding To State, Private Sector Clients Pay
Bankers pumped another 5 billion lei (EUR1.15 billion) into the state’s coffers in January by buying government securities, while private-sector loans in local currency fell by EUR1 billion....
Central Bank Deputy Governor Becomes President Of Commercial Arbitration Court
Bogdan Olteanu, deputy governor of the Romanian central bank, took over at the end of January as president of the Court of International Commercial Arbitration attached to Romania’s Chamber...
Interest Rates Are Declining Slowly, But Loans Are Still More Expensive Than In 2010
Romania's central bank (BNR) has managed, by easing its monetary policy, to make loans cheaper in December than in previous months, but interest rates are still above the level recorded at t...
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...
Now That BNR Cut Key Rate To 5.5% When Will Loan Interests Follow Suit?
The central bank has cut the key rate by 0.75 percentage points since November, to 5.5% but a number of banks like BCR, Raiffeisen, Emporiki and Garanti did the exact opposite not long ago w...
Analysts Welcome BNR’s Rate Cut But Say More Needs To Be Done
Analysts welcome Romania’s central bank (BNR) decision to cut the main interest from 6% to 5.75%, considering the downward trend of inflation and the risks about an economic growth slowdown...
BNR Injects RON6.7B In 8-Day Repo
Romania's central bank (BNR) Tuesday pumped 6.71 billion lei (around EUR2 billion) into the market in an eight-day repurchase agreement operation at an interest rate of 6% a year, equal to t...
Danila, BNR: We Can No Longer Put Off Building A Strategic Bank
Romania is facing a strong credit crisis, as well as prospects of banks that are part of foreign groups limiting their funding even further, so it has no excuses for postponing the construct...