News » January, 2011 » 6 January 2011
Cercel, BRD: Interest rates will remain low on monetary market
06.01.2011, 00:09 | Finance-Banks | 817 views
The year 2011 will not bring tensions on the local financial markets, the RON will start on a trend of slight appreciation, interest rates on the monetary market will remain low amid excess liquidity, and the state will continue to finance itself problem-free, while on the Stock Exchange the "historic event" will be flotation of Fondul Proprietatea (Property Fund), anticipates Claudiu Cercel, vice-president of financial markets of BRD-SocGen, the second-largest bank on the Romanian market. "I don't expect tension on the financial markets this year, especially since we are starting off with positive data, we have hit budget deficit target set for 2010, foreign confidence has increased in the past two months, and on Friday we will have good news from the IMF, as well." Read more on ZF.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
