ECB
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ECB gives signal for euro-denominated loans to become more expensive
The European Central Bank (ECB) gave the signal for euro-denominated loans to become more expensive yesterday by raising its key interest rate by a quarter of a percentage point, to 1.25% a year, reacting to accelerated inflation.
ECB rate hike to boost borrowing costs
Analysts anticipate ECB's decision to raise its benchmark rate by a quarter of a percentage point to 4.25% per annum will drive financing costs up, at least by a similar amount, but the time...
ECB asks NBR for in-depth assessment of banks' real estate risks
The European Central Bank (ECB) has requested the National Bank of Romania assess the exposure of banks in Romania to the commercial real estate market based on two detailed questionnaires,...
ECB recommends budgetary surplus
Romania's macroeconomic background justifies the endorsement of a cautious fiscal policy that should target a budgetary surplus, says Jean-Claude Trichet, president of the European Central B...
Isarescu must consult ECB head to change regulations
The introduction of a zero rate for minimum mandatory reserves (RMO) set up by housing savings and loan banks and the elimination of transit sums from the RMO calculation base for all banks...
ECB interest rate hike to blame for decline on BSE?
Stocks on the Bucharest Stock Exchange started the week by going down, confirming the trend seen at the end of last week. All stock markets in the region ended the day in decline. The BET in...
ECB raises interest rate
The European Central Bank yesterday upped the interest rate by 0.25% to 2.25%, which will immediately result in an increase in the costs of loans in euros on the Romanian market. This is the...
ECB cuts interest rates to 48-year low, hopes for economic recovery
The European Central Bank (ECB) has cut interest rates to the lowest since at least 1948 in any of the dozen nations using the euro, as the single European currency's appreciation saps econo...
ECB lowers key rate to boost growth in eurozone
The European Central Bank (ECB) yesterday cut its key interest by a hefty half-point, from 3.25% to 2.75%, given the European economy's increasing signs of stagnation.European rates have thu...