“The Romanian economy will not have negative interests. Negative inflation is transitory, temporary and will return to different figures right this summer,” Isarescu told a news conference on the quarterly inflation report.
“The second reason is the liquidity excess. We will see to it that things won’t go as far as to have negative interest rates. We will work with every necessary mechanism so as to prevent negative interest rates.”
Deposit interest rates are still positive in Romania, but they are very close to zero. Deposit interest rates are at the lowest level since the fall of the communist regime. Average interest rate for leu deposits fell to less than 1% a year in December 2015.
(English version by Loredana Fratila-Cristescu)