A number of five banks yesterday attracted 2.38 billion lei yesterday (546 million Euros) from the National Bank of Romania (NBR), with a maturity of one week, at the policy rate of 6% p. a.. The liquidity injection was made through a repo operation, through which the NBR provides liquidity to the banks and receives government bonds in exchange. read more...

The worsening of the sovereign debt crisis in the Eurozone could result in increasing investors' aversion to all markets, including emerging ones, Cristian Popa, the deputy governor of the National Bank of Romania, at a seminar concerning inflation. He explained that the effect would carry over to the risk premiums (CDS-Credit Default Swaps) which may rise and also, there will be pressure on the exchange rate. read more...