08.02.2012

Romanian central bank governor Mugur Isarescu Thursday expressed concern over a lingering political crisis between the government and the president, urging for a resolution of the conflict. more

07.13.2012

Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under pressure and more

07.12.2012

Romanian central bank governor Mugur Isarescu Thursday said the economy needs more investments to fuel growth and stepping up European fund absorption is one way to attract the necessary capital. more

07.12.2012

Romania’s central bank Thursday voiced concerns that commercial lenders might not be able to offer high yields on foreign currency deposits without taking losses in the medium term. more

07.12.2012

The Romanian economy is unlikely to benefit from a weaker leu, because local production capacity is insufficient to sustain a market less reliant on imports, the central bank’s head Mugur Isarescu more

06.28.2012

For the first time ever, Romania’s central bank (BNR) says financing of foreign-held banks by their parent banks is uncertain and therefore finds it has to lend them money itself. more

06.27.2012

Romania’s central bank is prepared to use all its available tools to parry potential speculative attacks against the leu if the national currency weakens too much, but its recent depreciation versus more

06.27.2012

Persistent cash shortage in the Romanian interbank market could prompt a reduction of the minimum reserve requirements for leu-denominated liabilities, but such a move would require extreme prudence, more

06.05.2012

Romanian central bank governor Mugur Isarescu Tuesday dismissed recent speculations that a potential exit of Greece from the eurozone would cause the leu to trade at 5 units against the euro, hinting more

05.30.2012

Almost four years since the crash of the Lehman Brothers bank, the officially recognized milestone that marks the start of the most serious financial and economic crisis of the last eighty years, a more

05.08.2012

Romania’s central bank Tuesday maintained its forecast on the year-end inflation unchanged at 3.2% for 2012 and estimated the annual rate will remain within the desired targets at least until early more

05.02.2012

The Romanian leu has weakened against the euro in an immediate reaction to the government’s fall, but its recent evolution could also point to a shift in macroeconomic fundamentals, central bank more

05.02.2012

Romanian central bank governor Mugur Isarescu Wednesday said the bank has halted its monetary policy easing as a reaction to a mix of domestic and international developments, including the recent more

03.30.2012

Consecutive key rate reductions are not reflected in a resumption of credit because banks, especially Greek and Austrian-owned ones, are unfolding a gradual adjustment of the loan to deposit ratios, more

03.29.2012

The Romanian leu is in an equilibrium area, which might move if economic fundamentals are changed, central bank governor Mugur Isarescu said Thursday. more

03.29.2012

The restoration of public sector wages in Romania could lead to a gradual restoration of internal demand and it should not cause too much stir if budget targets agreed with the International Monetary more

03.14.2012

Romanian banks are too busy correcting their lending policy applied in the years prior to the global financial crisis to focus on new loans, central bank governor Mugur Isarescu said Wednesday. more

03.06.2012

Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank more

03.01.2012

Romanian banks are bound to lower their interest rates this spring, as liquidity in the system is increasing, central bank governor Mugur Isarescu said Thursday. more

03.01.2012

Romania must cover its social security budget deficit by creating new jobs, because raising taxes will only encourage tax evasion, central bank governor Mugur Isarescu said Thursday. more

02.27.2012

Bankers pumped another 5 billion lei (EUR1.15 billion) into the state’s coffers in January by buying government securities, while private-sector loans in local currency fell by EUR1 billion. Figures more

02.27.2012

Romanian central bank BNR has eased the minimum reserve requirements for banks, a measure that could release liquidity into the market, especially foreign-currency. more

02.20.2012

Recent statements made by Romania’s central bank governor Mugur Isarescu caused a stir among bankers, as the central bank showed reluctance to extend the deadline for cash injections or accept more

02.08.2012

Romania must sell bonds on international markets on a regular basis to increase its credibility and avoid potential ugly moments when “blood-thirsty” markets go after desperate governments, more

02.08.2012

Romania shouldn’t seek a new financial agreement with the International Monetary Fund once the current one ends in 2013, because it would send a negative signal to the markets, central bank governor more