monetary policy

Isarescu Says Bank Tax Is an Attack on Central Bank Independence

Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy.

Isarescu: Interbank Rates Grew Suddenly on Better Than Expected Tax Collection

Improved tax collection contributed to the sudden rise in interbank interest rates, central bank governor Mugur Isarescu said Tuesday at a press briefing following the central bank's monetary policy meeting.

A Change Monetary Policy Likely Later In The Year – Franks

A potential change in the monetary policy is a decision that can be made later this year, not necessarily in Wednesday's board meeting of the central bank, said Jeffrey Franks, the head of the International Monetary Fund’s delegation to Romania.

Romania Central Bank Keeps Key Rate Unchanged At 6.25%

Romania's central bank on Wednesday kept the key monetary policy rate unchanged at a record low of 6.25%, in a widely expected move to ensure the continuity of the disinflation process and sustain lending revival.

IMF: Romania Needs No Monetary Policy Tightening After VAT Raise

Romania’s recent increase in the value added tax rate will have a temporary negative impact on inflation, which should dissipate in the second half of 2011, and the central bank doesn't have to raise the rates, the International Monetary Fund said Wednesday.

ING: Romanian Ctrl Bk May Rise Key Rate To 7% By Yearend

Romania’s central bank could raise the key monetary policy rate to 7% a year from the current 6.25% in the last two Board meetings of 2010, ING Bank Romania said in a report.

Romania Ctrl Bk To Keep Monetary Policy Decisions ‘Prudent’

Romanian central bank will maintain a prudent monetary stance, factoring in the market’s response to the policy decisions, central bank governor Mugur Isarescu said Friday.

Romania Ctrl Bk Cuts Key Rate By 50 Bps To 7.5%

Romania's central bank on Tuesday decided to lower the key monetary policy rate by 50 basis points, to 7.5% on the year, and to maintain the current levels of minimum requirements on both foreign currency-denominated and leu-denominated liabilities.

Romanian Central Bank Cuts Key Rate By 50 Bps To 8% – 2

Romania’s central bank Tuesday cut its monetary policy interest rate by 50 basis points to 8% on the year, in line with market expectations, while keeping the minimum reserve requirements unchanged.

Romanian Ctrl Bk Cuts Key Rate To 9%, Lowers Reserve Ratios

The Board of Romania's central bank decided Tuesday to cut the key monetary policy rate by 0.5 percentage points to 9%, starting with July 1, and to lower the minimum reserve requirements ratios on both Romanian leu- and foreign currency-denominated liabilities.

Romania’s Ctrl Bk To Gradually Ease Monetary Policy After Applying IMF-Agreed Measures

The inflation increase and the economic slowdown triggered by lower exports and reduced external financing ask for a prudent view on the monetary policy that will ease gradually together with the implementation of the policy mix agreed with the International Monetary Fund, the central bank said.

Romania’s Ctrl Bk Unlikely To Ease Monetary Policy „For Some Time” – EIU

The National Bank of Romania, or BNR, is unlikely to relax monetary policy further for some time, despite liquidity problems in the inter-bank market, Economist Intelligence Unit said in a report.

Monetary Policy Cannot Be Eased Until Fiscal Constraints Become Effective – Romanian Ctrl Bker

The National Bank of Romania, or BNR, will not further ease the monetary policy until fiscal constraints and salary restriction measures become effective, the central bank governor Mugur Isarescu said Friday.

Romanian Ctrl Bk Cuts Key Rate By 0.25 Pps To 10%, Keeps Min Req Reserves Ratios

The Romanian central bank decided to cut the key rate by 0.25 percentage points to 10%, meeting analysts expectations, and kept the minimum required reserves ratios unchanged, the central bank announced Wednesday.