NBR
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NBR asks Ministry of Finance to target budget deficit
The inflation target set by the NBR (National Bank of Romania) should be supported by a similar commitment from the Ministry of Finance regarding the budget deficit, according to Mugur Isare...
Lazea, NBR: Romanians could eat less to reduce foreign deficit
In hindsight, Romanians should have eaten less imported food and bought fewer imported cars - the two major culprits of last year's trade deficit, believes Valentin Lazea (photo), chief econ...
NBR prepares for electronic processing of cheques
It will be possible for cheques and other paper-based debt payment instruments (promissory notes and bills of exchange) to be electronically processed, with the NBR (National Bank of Romania...
Schreiner: NBR should only discourage consumption credits
The central bank should try to discourage short-term credits, which fuel consumption, but do not affect investment financing, says Gerald Schreiner, CEO of Volksbank, the eighth bank in the...
Inflation targeting turns into inflation forecasting for NBR
Inflation will continue to increase over the coming months and is expected to exceed 8% by the end of the quarter. It should, however, fall back to 5.9% by December, NBR Governor Mugur Isare...
NBR absorbs 8.9bn-euros in January
The NBR (National Bank of Romania) absorbed overall deposits worth 33.12 billion RON (8.9 billion euros) in January - a historic high, in an attempt to keep a tight rein on liquidity. Under...
NBR raises monetary policy rate to 9%
The National Bank is pushing for an increase in the cost of lending in RON by increasing the key rate by 1%, from 8% to 9%. This is more than the market expected and reflects NBR's fears of...
NBR could increase interest rate to 9%
The NBR (National Bank of Romania) will increase the key interest rate for RON by at least half a percentage point today, to 8.5% a year, and is expected to continue to apply a moderate incr...
NBR blamed for not preparing the market for RON depreciation shock
The National Bank did not prepare the market for the shock caused by the unavoidable depreciation of the RON and is wrong to "point the finger" at the "cruel speculators" Misu Negritoiu, chi...