News » January, 2015 » 8 January 2015
Romania’s Central Bank slashes key interest rate to 2.5% per annum
08.01.2015, 10:58 | Finance-Banks | 2137 views
The Board of Romania’s Central Bank (BNR) decided on Wednesday to slash the key interest rate from 2.75% to 2.5% as of January 8, according to a release issued. The BNR also decided to narrow the symmetrical corridor formed by the interest rates of standing facilities around the key interest rate to +/—2.25 percentage points from +/—2.5 percentage points. ‘Thus, as of January 8, 2015, the interest rate related to the credit facilities (Lombard) will be reduced to 4.75% from 5.25% per annum, whilst the interest rate for the deposit facility will remain at 0.25% per annum,’ the release reads. The Central Bank also decided the adequate management of liquidity in the banking system and maintaining the current levels of mandatory minimum reserves applicable to credit institutions’ liabilities in lei and foreign currency. Read more on Financiarul.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...
|
|
