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BNR Official: Romania Can Bring Inflation Close To Eurozone Level
Romania has the "historic chance" to reduce inflation to below 3% in the next few years, as long as the central bank's monetary policy is "firmly" supported by the fiscal and wage policies,...
BNR’s New Regulations Will Affect Lending Rebound
The Romanian central bank (BNR) is looking for the first time to encourage lending in lei instead of foreign currency for mortgage loans, but interest rates are double as high.
Romanians To File 133% Guarantee On Consumer Loans - Draft
Consumer loans will have a maturity of at most five years, and clients will have to guarantee 133% of the loan’s value, while real estate financing in euro will require an advance of at leas...
BNR Set To Discuss Monetary Policy Rate And Minimum Leu Reserve Cut
The National Bank of Romania (BNR) will discuss cutting the monetary policy interest rate and the minimum leu reserve requirements this fall in order to encourage lending in the local curren...
BNR: Inflation To Ease Next Months, Upside Risks Remain
Romanian central bank (BNR) Wednesday estimated the inflation will continue to fall in the coming months, helped by cheaper food items and a good farming year, but warned upside pressure fro...
Romanian Central Bank Keeps Key Rate Unchaged At 6.25%
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the tenth straight time, as inflation is still likely to top the bank’s forecast.
Foreign Investments Down 23% On Year To EUR799M In January-May
Foreign direct investment, or FDI, fell to EUR799 million in January to May, down 23.3% on the year, preliminary central bank data showed Friday.
Negritoiu, ING: Monetary Policy Is Like High Blood Pressure. It Doesn’t Hurt, But Can Kill You
The Romanian central bank (BNR) has long been talking about discouraging euro-denominated loans after letting them become dominant, but is not taking concrete steps to encourage the use of l...
We Did Not Know Why We Grew, Now We Don’t Know Why We Are Sliding
Almost three years after the economic crisis was first felt on the Romanian market, and after the economy has lost EUR30 billion, with tens of thousands of companies going insolvent or disap...