bnr
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Romania’s Central Bank Takes Three Monetary Policy Easing Steps At Once
The lower than expected economic growth, the low inflation level and still depressed lending activity, as well as the decision of the European Central Bank to cut monetary policy rate to an...
Erste: Romania’s Central Bank Likely To Cut Key Rate To 3% End-September
Romania’s central bank may cut its monetary policy rate by 0.25 percentage points to 3% in a Board meeting scheduled for September 30, because the slowdown in Romania’s inflation rate in Aug...
Leu’s Exchange Rate Weakens Modestly To 4.406 Vs Euro
The Romanian central bank’s reference fell modestly to 4.406 units Wednesday, from 4.4054 per euro a day earlier, but the national currency appreciated in the first half of the session, amid...
Central Bank Greenlights Major Portfolio Cleanup Across Banking System
Banks will be allowed to remove from their balance sheets six billion lei (EUR1.36 billion) worth of non-performing loans (NPLs) fully provisioned for and without any reasonable hope of reco...
Finance Ministry Has EUR8B Left To Repay To Foreign Lenders From 2009 IMF-Led Loan
The Finance Ministry has almost EUR8 billion left to repay of the about EUR20 billion record loan it took out together with the central bank from international financial institutions in 2009...
Cinteza: BNR Hasn’t Received Notification Of A CEC Management Change
The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about...
Forex Market Deals Added EUR2B In February
The deal volumes on the Bucharest foreign currency market reached EUR32 billion in February, the equivalent of a daily average of EUR1.7 billion, according to central bank data. Against the...
Deposits Almost Equal Loans In Romania’s Banking System
The loan/deposit ratio in the banking system came close to a balance in November 2013, standing at 105% compared with 137% in November 2008.
Economist: Central Bank To Cut Reserve Requirements In Its First Meeting In 2014
The Romanian central bank (BNR) will lower the minimum reserve requirements for leu-denominated liabilities and for foreign currency liabilities in its very first meeting in 2014, said macro...