News » January, 2011 » 5 January 2011
Crucial central bank meeting: If it cheapens loans, economy can be rebooted
05.01.2011, 00:14 | Finance-Banks | 776 views
The NBR (National Bank of Romania) is today discussing the level of the key interest rate on RON-denominated loans, which has been left unchanged at 6.25% per year since May last year. Businesspeople are once again asking the NBR to reduce the key rate and force banks to make loans in RON cheaper, while criticising harshly the indifference to the collapse of consumer spending, which could have driven the economy out of recession. 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...
|
|
