“We have approved the acquisition of state bonds, a measure described as unprecedented. We have bought state bonds. We haven’t said how many or for how much and we are not going to. The measure will be kept in place as long as necessary,” said Cristian Popa, member of the central bank board.
Romania’s government already had high financing needs with a budget deficit targeted at 3.59% of gross domestic product this year but the healthcare crisis and widespread activity halt in country’s economy are bound to widen the gap.