12.12.2013

Mugur Isarescu, Romania’s central bank governor, took everyone by surprise on Wednesday when he suggested a later adoption of the euro than in any of the scenarios mentioned so far. more

12.09.2013

Romania’s economy has been hit hard by the government’s fiscal consolidation program and by the deleveraging process of foreign banks, but raising the public deficit is not the right strategy to more

12.09.2013

Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the letter of more

11.07.2013

Romanian central bank governor Mugur Isarescu said Thursday that his institution has yet to assess the potential impact on the 2014 inflation rate of a recent series of fiscal measures announced by more

11.07.2013

Romania’s central bank revised downwards its 2013 inflation forecast to 1.8% from 3.1% previously, citing lower prices of volatile products, central bank governor Mugur Isarescu said Thursday. more

11.05.2013

Romania’s central bank still has “some” room to further lower its main interest rate, following four consecutive cuts this year, governor Mugur Isarescu said Tuesday. more

09.30.2013

Romanian central bank governor Mugur Isarescu Monday said commercial lenders “will have no choice” but to reduce lending rates following the central bank’s monetary policy decisions over the more

08.07.2013

The Romanian central bank has been keeping a close eye on the money market to prevent wide currency exchange fluctuations stemming from rapid capital movements, central bank governor Mugur Isarescu more

08.07.2013

Romanian central bank governor Mugur Isarescu Wednesday said that his bank would do “everything possible” to help narrow the gap between interest rates on domestic and foreign currency loans. more

08.07.2013

The so-called abusive clauses denounced by bank debtors are part of the loan contracts they have signed and therefore should be accepted as such, Romanian central bank governor said Wednesday. more

08.07.2013

Romania’s central bank has revised slightly downward its inflation forecast for 2013 to 3.1% from 3.2% previously, governor Mugur Isarescu said Wednesday. more

08.06.2013

For the second year in a row, members of the board of directors of the Romanian central bank BNR reveal the names of banks where they hold current accounts and deposits through their personal more

08.05.2013

Romanian economy will likely expand by more than 2% in 2013, from a growth of 0.7% a year earlier, largely supported by exports, industry and a good harvest, central bank governor Mugur Isarescu said more

08.05.2013

Romanian central bank governor Mugur Isarescu said Monday the privatization of state companies that have monopoly or quasi-monopoly, such as railway freight carrier CFR Marfa, is a way out of a more

08.05.2013

Romanian central bank governor Mugur Isarescu Monday expressed hope that the lower monetary policy rate will translate into cheaper loans for local consumers as early as September. more

07.24.2013

Romania must intensify efforts to stimulate the development of both human and natural resources and ensure sustainable economic growth, central bank governor Mugur Isarescu said Wednesday. more

07.18.2013

The largest Romanian banks are not nearly large enough to be deemed “too big to fail”, but some of them may be too big by local economic standards, central bank governor Mugur Isarescu said more

07.01.2013

Romanian central bank’s governor Mugur Isarescu on Monday said the 5% fluctuation of the leu against the euro was “a normal sway" which could occur even if the country’s economy is extremely more

07.01.2013

The central bank’s decision to ease its monetary policy should reflect into lower loan rates in the local market over the coming months, the bank’s chief said Monday. more

07.01.2013

Romanian central bank’s chief Mugur Isarescu on Monday said the government should try to secure a new financial package from its international partners to keep borrowing costs at low levels. more

05.08.2013

A good farm output could boost Romanian economic growth above the central bank’s forecast of 1.5%-1.6% in 2013, the bank’s governor Mugur Isarescu said Wednesday. more

05.08.2013

Romania’s central bank is keeping a close eye to the leu’s evolution against the euro, but movements of 5% to 6% on either side are “reasonable,” the bank’s chief Mugur Isarescu said more

05.08.2013

Romanian central bank governor Mugur Isarescu said Wednesday that the institution’s move to cut interest rates on its standing facilities should reflect in lower loan rates on the interbank market more

05.02.2013

The Romanian leu’s rise in recent weeks is remarkable taking in consideration the Cypriot banking crisis and problems at the local unit of Bank of Cyprus, central bank governor Mugur Isarescu said more

05.02.2013

Romania’s central bank plans to begin a monetary policy easing cycle, as soon as the next board meeting scheduled for July 1, hoping the economic developments will not stop the process, governor more