While Romania registers fast economic growth, this is not a result of lending but of tax incentives and wage hikes.
“Fiscal stimuli cannot be used forever, therefore, to stimulate economic growth in Romania – and the central bank is interested in durable economic growth – we need to see what will replace these stimuli whose importance will diminish. Healthy, balanced, sustainable lending can be a considerable growth engine,” said Isarescu at the Summer Banking Academy conference.