“The monetary policy can do only so much in Romania. Let’s say you lower the interest rate to zero, or you inject liquidity in the system; still, even the central bank said in a report that the monetary policy decisions…only reach the banking system, and not the consumer,” Citu told the Romania Financial Forum, organized by MEDIAFAX and the central bank.
He said the authorities should focus on investments and on the best ways to attract new capital, including lower taxes.