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Romania June Private Lending +50.5 On Yr At RON178.1B

Romanian private lending rose 50.5% on the year in June in real terms to 178.1 billion lei ($79.4 billion), due to higher loans in both local and foreign currencies, the central bank said Wednesday.
Romania June Private Lending +50.5 On Yr At RON178.1B
23 iul. 2008, 12:47, English

On the month, private lending accelerated by 3.4% In real terms in June, compared with a rise of 1.3% in May and 2% in April.

Private lending in foreign currency rose 62.7% on the year in June and 4.3% on the month in real terms, while local currency lending rose 28.9% on the year and 1.8% on the month in June, the bank said.

Annual inflation was at 8.61% on the year in June, just below the two-year high of 8.63% in March. The central bank has hiked interest rates by 300 basis points in six consecutive sessions since October 2007, in a bid to curb surging inflation, which began last year, driven by a low farming output and a lending boom spurring consumption.