NBR
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NBR not completely independent
The National Bank of Romania (NBR) is not 100% independent yet, either from the legal or the operational point of view. The central bank will acquire this status in the wake of legislative m...
NBR keeps interests high
The National Bank does not feel a further strengthening of the monetary policy would be required at the moment, NBR vice-governor Cristian Popa says. "The central bank vows to consolidate th...
Inflation lower than anticipated by NBR
The 1.7% increase in consumer prices in the first two months of the year is below the level anticipated by the National Bank of Romania, NBR Governor Mugur Isarescu said. He explained NBR wa...
NBR does not want to hinder lending
Last year's consumer credit boom pushed the weight of the non-governmental lending in Romania's GDP to 16.2%, from 11.2% at the end of 2002. Even so, the banking intermediation level remains...
NBR: We're keeping an eye on foreign currency loans
The National Bank of Romania will maintain its restrictive monetary policy begun last year over the next few months, as well, keeping the intervention interest on the monetary market at 21.2...
NBR sees 2%-4% real ROL appreciation in 2004
The National Bank of Romania (NBR) pursues (at least for the time being) a 2%-4% real ROL appreciation against the foreign currency basket this year. This interval is the same that was targe...
NBR management term extended by elections
The term of the current Board of Directors of the National Bank of Romania (NBR) expires on December 19, right after the parliamentary elections, when there might be no one available to appo...
NBR reserves down second month in a row
The National Bank of Romania (NBR) in December 2003 logged a new substantial decline in its foreign currency reserves for the second month in a row. The reserves shrank by 228 million euros...
NBR endorses new lending norms
The National Bank of Romania Board on Wednesday endorsed the norms regarding the minimal lending conditions for the population. "In the case of consumer lending, for the acquisition of goods...