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ZF English
NBR maintains inflation target, allows for deviation
The National Bank of Romania (NBR) announced yesterday that it was going to maintain the inflation target for 2006 unchanged at 5% plus/minus 1%. This option, however, included a drifting of the inflation towards 6.5%. "We don''t want to send out a message of...
ZF English
Isarescu: Termination of IMF agreement allows institutions to be braver
The euro exchange rate yesterday climbed for the fourth trading session in a row, reaching 3.6594 RON, and thus marking an appreciation of 2.8% in one month, while the renouncement of the ar...
ZF English
NBR's policy allows inflation targeting
NBR's policy allows inflation targeting
ZF English
Finance Ministry allows T-bill yields to start slow climb
The Finance Ministry has allowed a slight increase in T-bill interests, after having rejected the banks' bids twice. The yields have climbed less than half a point, so far. However, the mark...