NBR is releasing one billion euros to banks. What will they do with the money? - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » March, 2011 » 31 March 2011

NBR is releasing one billion euros to banks. What will they do with the money?
31.03.2011, 23:47 | Finance-Banks | 567 views



Surprise decision of the National Bank of Romania to cut the minimum foreign reserve requirements ratio on foreign currency-denominated liabilities from 25% to 20%, thereby releasing over one billion euros to banks, is interpreted by bank analysts as a signal encouraging lending and indirectly the economy.

In general, foreign currency-denominated loans are seen as an alternative way to support investments and real estate acquisitions.

"We see the NBR's decision as an attempt to prop up economic growth amid inflationary pressures limiting the possibility of cutting the key interest rate," comments Eugen Sinca, analyst with the BCR. The NBR has kept its key interest rate at 6.25% a year, which has remained unchanged since May last year.

Read more on ZF.ro




Latest news in category Finance-Banks

19.10.2016, ora 00:00 | 750 vizualizări
NBR governor disregards his own advice
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...


22.04.2016, ora 00:00 | 841 vizualizări
Mario Draghi: The ECB obeys the law not politicians
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...


23.02.2016, ora 00:00 | 775 vizualizări
The pound sterling, in its biggest decline since 2009
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...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2020 Pandora Impex SRL.