No more than 18.25%. This is exactly how much both the Finance Ministry and the National Bank of Romania (NBR) are willing to pay on government securities, and one-month deposits respectively. At least for now, that is. The market would like a higher interest, though, and is putting pressure for it accordingly. NBR yesterday managed to raise only 4,085bn ROL out of the total 6,700bn ROL scheduled. The Finance Ministry in its turn had managed to sell only 3,341bn ROL in T-bills out of the 5,000bn ROL planned for the maximum accepted 18.25% interest on Monday. ZF
ZF English
Finance Ministry and NBR compete over cash
No more than 18.25%. This is exactly how much both the Finance Ministry and the National Bank of Romania (NBR) are willing to pay on government securities, and one-month deposits respectively. At least for now, that is. The market would like a higher interest, though, and is putting pressure for it accordingly