“When it comes to leu-denominated loans, I am not as pessimistic as the media is. If we look at the longer-term trend, interests on leu-denominated loans from 2009 until the present, the decline is obvious,” Isarescu said Monday during a conference titled “Inflation – a phenomenon, several indicators.”
“Since May 2010, before the VAT hike, interests tended to fluctuate at a time when there would have been many reasons for them to go up amid the VAT rise,” the governor also said.
ZF reported Monday the Romanian banks started to increase lending interest rates trying to make up for the rise in risk costs.