bnr
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BNR: Annual Inflation Rate to Probably Rise to Much Higher Values Than Anticipated
The annual inflation rate would probably rise over the short time horizon to much higher values than those anticipated in the August forecast, which had indicated a 5.6% in December 2021 and...
BNR Warns About Fiscal Policy Stance
Romania’s central bank (BNR) warns about the Government’s fiscal policy stance, which is likely to jeopardize budget consolidation. Romania has a high budget deficit, which will be very diff...
BNR To Ensure Uninterrupted Cash Flows For All Operations Amid Coronavirus Crisis
Romania’s central bank has announced it would ensure uninterrupted cash flows for all operations and said it fully supported all steps taken by banks to assist individuals and companies affe...
Romania’s Central Bank Greenligths Banca Romaneasca-EximBank Deal
Romania’s central bank has given the green light to the acquisition by state-owned EximBank of Banca Romaneasca from the National Bank of Greece, one of the largest Greek financial groups, w...
Tax or Depreciation? Leu/Euro Exchange Rate Casualty of War Between Banks and Finance Ministry
The business sector in Romania is tensely waiting to see how the leu/euro exchange rate will go, after an exchange of harsh messages between the Finance Ministry and Romania’s central bank a...
Romania’s Economy Grew More Than China’s or Japan’s in 1913-2013
Over a century, between 1913 and 2013, Romania’s GDP per capita rose faster than China’s or Japan’s, as the room for growth was greater. Back in 1913, Romania’s GPD per capita was 10% of the...
Isarescu Says Romania's Economy Refuses To Collapse
Romanian central bank governor Mugur Isarescu expressed optimism during a conference on Monday regarding the evolution of the country’s economy, while also admitting to some of its shortcomi...
Three-Month Money Market Rate Flat Again At 3.13%
The three-month money market interest rate used to calculate interests for consumer loans in lei was flat again at 3.13% a year on Tuesday, central bank data show.
Central Bank Understands Need For Cash, Banks Should Not Expect Further Cut In Minimum Reserves
Romania’s central bank is in no hurry to give banks cash by cutting minimum mandatory leu reserves, since it does not know whether the shortage of cash on the local interbank market will las...