NBR
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NBR is releasing one billion euros to banks. What will they do with the money?
The surprise decision of the National Bank of Romania to cut the minimum foreign reserve requirements ratio on foreign currency-denominated liabilities from 25% to 20%, thereby releasing ove...
Overdue loans climb 14% in Galați and Ialomița
Bankers are experiencing the biggest troubles in Galați and Ialomița counties, where the share of overdue payments exceeded 14%, almost double the market average.
It's just a matter of time before euro is worth 4 lei, say analysts
A 4-lei euro, a level that seemed unimaginable as early as at the beginning of this year, when one euro was still close to the 4.3-lei mark, is already considered by all analysts after the e...
NBR gives 8 million-euro monthly bonus to holders of foreign currency loans
Romanians pay 233 million euros in monthly instalments on foreign currency-denominated loans, which at the current exchange rate means 33 million lei (8 million euros) less than in December.
Romanians had 1.3bn euros' worth of overdue loan payments in January
Banks' individual clients had overdue loan payments totally worth 5.7bn lei (1.3bn euros) in late January, with the sum being almost 73% higher than in the corresponding period of 2009, acco...
Inflation rise takes central bank and analysts by surprise
It's farewell to declines in the NBR interest rate until the end of the year; the Romanian currency will continue to strengthen against the euro because the central bank will try to temper p...
Isărescu is now optimistic: This is the beginning of a new cycle of growth
Mugur Isărescu, Governor of the NBR, has become extremely optimistic about the trend of the economy, announcing he expects Romania to post 4-5% growth next year, and 1.5% growth this year.
NBR leaves key rate unchanged fearing inflation
The NBR (National Bank of Romania ) decided yesterday in its first monetary policy meeting to leave unchanged both the key interest rate, which has remained set at 6.25% since May 2010, and...
Crucial central bank meeting: If it cheapens loans, economy can be rebooted
The NBR (National Bank of Romania) is today discussing the level of the key interest rate on RON-denominated loans, which has been left unchanged at 6.25% per year since May last year.