Deposit Interest Rates In Lei And Euro Tend To Even Out

03.07.2012 By Razvan Voican

Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits have kept going up, while rates on leu-denominated deposits have started to slip, so they tend to even out at around 4%-5% for both currencies.

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Keywords:: INTEREST RATES; , EURO; , LEI; , BANKS; , DEPOSITS

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