Press Review - July 31, 2018

07.31.2018 By Oana Gavrila

Three-Month Money Market Rate Grows To 3.47%

The 3-month money market interest rate used to calculate interests for consumer loans in lei grew to 3.47% a year on Monday, from 3.45% a year on Friday, central bank data showed.

The six-month money market rate, which is used to calculate interests on leu-denominated mortgage loans, rose to 3.53%, from 3.51%.

The nine-month interbank rate, which is used to calculate interests on loans in lei attracted by commercial banks from other commercial banks for a nine-month period, climbed to 3.57%, from 3.55%.

The twelve-month index rose slightly to 3.63%.

Liberals Urge Govt to Take Stand on Hungarian PM's Comments

Romanian opposition liberals condemned Hungarian prime minister Viktor Orban's statements regarding Romania's unification centennial and calls on the government to take an official stand.

"One hundred years ago, Romania entered the age of modernity. We understand this is a celebratory time for them but they must understand it is not a celebratory time for us and modern Romania, for one hundred years now, doesn't know what to do with the fact that there are over one million Hungarians living here,” said Orban at Baile Tusnad, central Romania.

Romania Unemployment at 3.48%, Lowest Rate in 26 Years

Romania's unemployment rate stood unchanged at 3.48% in June, the lowest level in 26 years for the second month running, according to employment agency data.

Compared with June 2017, The rate dropped by 0.69 percentage points.

A number of 304,361 people were jobless in June.

Unemployment among men decreased to 3.62% in June from 3.65% in May, while the rate among women grew to 3.32% in June form 3.27% in May.