central bank

Central Bank Postpones Collecting Bank Resolution Fund Contributions for Three Months

Romania's central bank board held an emergency meeting Friday and analyzed a series of relevant measures from the perspective of bank resolution, amid the economic effects of Covid-19 pandemic and other decisions on the functioning of the banking system functioning.

Banks Call for Amended Regulations to Postpone Loan Payments

Commercial banks have asked the Romanian central bank to amend the regulation framework to allow postponing loan payments in various situation arising from the coronavirus crisis, such as isolation, travel restrictions or suspension of activity.

Romania Forex Reserves Grow to EUR35.83B in February

Romania's foreign exchange reserves grew to EUR35.83 billion at the end of February from EUR35.505 billion at the end of January, central bank data showed Monday.

Romania Private Lending Grows 0.8% on Month in January

Private lending in Romania grew 0.8% in nominal terms and 0.4% in real terms in January compared with December 2019, to RON269.646 billion, central bank data showed Tuesday. Local currency lending, which accounted for 67.3% of all private lending in Romania, increased 0.2% on the month in January but declined by 0.2% in real terms. […]

Isarescu: Gold Reserve Repatriation Entails Massive Costs

“We will observe the law but we have stated our point of view,” he said, speaking of a document the central bank recently sent to the government and parliament assessing the costs of gold repatriation. He added the ultimate decision belongs to the parliament. Isarescu did not give an amount but said the central bank’s […]

Romania Central Bank Lowers Inflation Forecast to 3% in 2020 from 3.1%

Romania's central bank sees year-end inflation at 3% in 2020 from a previous projection of 3.1%, central bank governor said Tuesday at a briefing on the February Inflation Report.

Central Bank Sees Annual Inflation Declining In Early Months of 2020

Romania's central bank expects the annual inflation rate declining significantly in the early months of 2020 and staying in the upper half of the variation band of 1.5%-3.5% until the end of the forecast horizon.

Romania Private Lending Grows 0.4% in May

Private lending in Romania grew a slight 0.4% (-0.1% in real terms) in May compared with April, to RON257.539 billion, central bank data showed Thursday.

Romanian Senate Approves Bill Aiming to Repatriate Central Bank Gold Holdings

Romania’s Senate adopted on Monday a bill initiated by the ruling Social Democrat Party (PSD) which would see Romania’s central bank repatriate most of its gold reserves deposited outside the country.

Isarescu Says Bank Tax Is an Attack on Central Bank Independence

Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy.

Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year

Romania's central bank on Thursday kept its benchmark interest rate on hold at 2.5% at its first monetary policy meeting this year, the bank said in a statement.

Romania Forex Reserves Drop to EUR31.922B in January

Romania's foreign exchange reserves fell to EUR31.922 billion at the end of January from EUR33.065 billion at the end of 2018, central bank data showed Friday.

Romania Private Lending Grows 0.1% on Month in December 2018

Romanian private lending grew a marginal 0.1% (declined 0.02% in real terms) in December 2018 compared with November, to RON251.05 billion, central bank data showed Friday.

Isarescu: Interbank Rates Grew Suddenly on Better Than Expected Tax Collection

Improved tax collection contributed to the sudden rise in interbank interest rates, central bank governor Mugur Isarescu said Tuesday at a press briefing following the central bank's monetary policy meeting.

Romania Ctrl Bank Keeps A Close Eye On Greek Subsidiaries

The Romanian central bank is keeping a close eye on Greek subsidiaries and has already taken preventive measures against potential fiscal slippages, first deputy governor Florin Georgescu said Thursday.

Romania April Private Lending -0.3% On Month To RON204.6B

Romanian private lending fell 0.3% in real terms to 204.6 billion lei (EUR49.6 billion) in April from a month earlier, and was down 5.7% on the year, central bank data showed Wednesday.

Romania’s Current Account Deficit Shrinks To EUR634M In First Quarter

Romania registered a current account deficit of EUR634 million in the first quarter this year, some 2.5 times lower than in the same interval of the previous year, but 14 times higher than EUR44 million in January-February this year, central bank data showed Monday.

Romania Ctrl Bker: Capital Inflows To Turn Focus On Monetary Policy Rate

Higher foreign capital inflows in Romania will likely bring back focus on the key interest rate, but the central bank might have to divert attention to competitiveness from inflation targeting, a central bank official said Friday.

Romania Central Bank Ups Inflation Forecast To 5.1% In 2011, 3.6% In 2012

The Romanian central bank revised upwards its forecasts for 2011 and 2012 annual inflation to 5.1% and 3.6%, respectively, governor Mugur Isarescu said Thursday.

Romania Central Bank Keeps Key Rate Unchanged At 6.25%

Romania’s central bank Tuesday left its main interest rate at a record low of 6.25% a year for the eighth straight time, after costlier fuels and food items pushed the inflation rate to the highest in 31 months.

Romania Forex Reserves Fall To EUR32.1B In April

Romanian foreign exchange reserves fell to EUR32.07 billion in April from EUR32.77 billion a month earlier, central bank data showed Monday.

Romania March Private Lending -1.9% On Month To RON204B

Romanian private lending fell 1.9% in real terms to 203.9 billion lei (EUR50.05 billion) in March from a month earlier, and was down 5.3% on the year, central bank data showed Wednesday.

Romania Ctrl Bk Bound To Lose Popularity Once Economy Recovers

Romania's central bank will resume acting as a brake on potential economic overheating once the economy recovers, deputy governor Bogdan Olteanu said Wednesday.

Romania’s Current Account Deficit Shrinks To EUR44M In Jan-Feb

Romania's current account deficit narrowed to EUR44 million in January to February, from a gap of EUR747 million in the year-earlier period, on a much lower trade deficit, central bank data showed Wednesday.

Romania Ctrl Bk To Up 2011 Inflation Forecast As Food, Energy Prices Surge

Romania's central bank will revise upward its year-end inflation forecast, due to higher-than-expected international prices for energy and food items, central bank governor Mugur Isarescu said in an interview.

Romania Central Bank Keeps Key Rate Unchanged At 6.25%

Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for a seventh straight time, as expected, but lowered the minimum reserve requirements for foreign currency liabilities to 20% from 25%.

Romania Avg Bank Rate On New Loans Rises To 11.7% In February

Romanian average banking interest on new loans in national currency leu rose by 1.58 percentage points to 11.7% in February, due to increased rates for new corporate lending, central bank data showed Wednesday.

Romania February Private Lending -1.3% On Month To RON206.6B

Romanian private lending fell 1.3% in real terms to 206.6 billion lei (EUR1=RON4.1439) in February from a month earlier, but was up 3.6% on the year, central bank data showed Wednesday.

Romania’s Current Account Gap Narrows To EUR15M In January

Romania's current account deficit narrowed 86.5% to EUR15 million in January, from a gap of EUR111 million in the year-earlier month, as the trade balance turned to surplus, central bank data showed Monday.

Romanian Economy Ready To Start Anew – Ctrl Bk Head

Romanian economy is ready to enter a new growth cycle, after more than two years of recession, but the authorities must take things “slowly” to avoid a possible relapse, central bank governor Mugur Isarescu said Wednesday.

Romania January Private Lending -1.5% On Month To RON207.8B

Romanian private lending fell 1.5% in real terms to 207.8 billion lei (EUR1=RON4.23) in January from a month earlier, but was up 4.3% on the year, central bank data showed Wednesday.

Romanian Ctrl Bk: Stimulating Consumption, Bad Idea For Economy

Romania’s economic growth should be based primarily on local production, rather than consumption, central bank governor Mugur Isarescu said Wednesday.

Romania 2010 Current Account Deficit Widens 5% YY To EUR5.2B

Romania's current account deficit widened 5% to EUR5.16 billion in 2010, from a gap of EUR4.91 billion in the previous year, due to the lower current transfers surplus and an increasing deficit of the incomes balance, central bank data showed Friday.

EXCLUSIVE: Romania Ctrl Bank To Report EUR2B Drop In Reserves Under IMF Deal

Romania’s central bank has pledged to consult with the International Monetary Fund if its reserves are to drop by over EUR2 billion in any given month during the country’s two-year follow up agreement with the fund, according to a draft letter of intent agreed with the IMF.

Romania Should Focus On Supporting SMEs – Ctrl Bk Head

Romanian authorities can take lots of measures to support small and medium-sized enterprises, such as reducing bureaucracy and checkups, but also improving the business environment, central bank governor Mugur Isarescu said Wednesday.

Romania Overdue Loan Payments Double To RON15B In Dec ‘10

Romanian overdue payments on loans worth at least 20,000 lei (EUR1=RON4.2485) rose to RON15.07 billion in December 2010, more than double on the year, central bank data showed Monday.

Romania Ctrl Bk Says Surplus Cash In Market To Drop Shortly

Romanian liquidity excess in the interbank market is mostly due to a cluster of four to five banks that show reserve in lending funds to their peers, central bank governor Mugur Isarescu said Monday.

Romania Seeks New Deal With Parent Banks – Ctrl Bker

Romania is seeking to extend its agreement with the parent banks of the country’s top nine lenders regarding their exposure on the domestic market, central bank governor Mugur Isarescu said Monday.

Romania Central Bank Ups 2011 Inflation Forecast To 3.6%

Romania's central bank revised upward its forecast on the annual inflation to 3.6% at the end of 2011, from 3.4% previously, central bank governor Mugur Isarescu said Monday.

Romania Central Bank Keeps Key Rate Unchanged At 6.25%

Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the sixth consecutive time as it continues to battle a high inflation.