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Tag Archives: deflation

Competition Council chief, on foodstuff price developments: What costs, on average, RON 100 in Europe, in Romania costs RON 60

The developments of foodstuff prices are not bad, however a generalized increase should be fought by macro-economic means, i.e. by the Government’s fiscal-budgetary policy and by the central bank’s monetary policy, Competition Council chief, Bogdan Chiritoiu, has said on Tuesday. ...

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BNR plans to cut NPLs rate to 6 pc

National Bank of Romania (BNR) has set a target of 6 percent for bad loans this year, given that, currently, the percentage is between 9-10 percent, Liviu Voinea, central bank Deputy Governor stated, during a press conference dedicated to the ...

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BNR plans narrowing the interest rate corridor. Governor Isarescu: ‘We want to cheapen the loans’

National Bank of Romania (BNR) considers narrowing the corridor around the policy rate in the next period, to counter inflationary pressures estimated for 2017, central bank Governor Mugur Isarescu said on Thursday in a press conference. This statement comes after ...

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ECB: Deflation is main danger for Euro Area

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said deflation is the main danger facing the euro zone, underscoring policy makers’ growing concern about ebbing price pressure. “If we look at Europe at the moment, the danger ...

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EC forecasts Romania’s GDP to grow in 2015 and 2016. However, its strengthening is at risk, despite fiscal easing

Romania’s economic growth is forecast to accelerate this year to 3.5 percent and next year to 4.1 percent and to remain strong in 2017, as fiscal stimulus spurs domestic demand at the price of a rising fiscal deficit, according to ...

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Garanti Bank: Lending to improve as the economy picks up. 1.4 pc tax code’s impact on GDP. Key interest to reach 1.5 pc as of 2016

The local financial subsidiary of Turkish Garanti Group estimates that lending will improve as the economic activity entered an upward trend, according to the bank’s latest Macroeconomic Report, corresponding to the third quarter of 2015, a press release informs. “New ...

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WB estimates Romania’s GDP to grow by almost 3 pc in 2015

Romanian economy will grow by 2.9 percent this year, after an advance of 2.6 percent in 2014, says the World Bank Group’s Global Economic Prospects (GEP) report, released on Wednesday. In last year’s October, the institution has forecasted a 2.7 ...

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Governor Isarescu: Romania is ready to manage potential risks coming from Greece

A possible exit of Greece from eurozone is a great danger to which Romania’s central bank offers a particular attention. The Governor of National Bank of Romania (BNR), Mugur Isarescu, assured that the financial institution has the necessary tools to ...

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