isarescu

Romania Ctrl Bk Gov Sees Annual Inflation Well Below 5% In Sept

18:13, 06 Oct. 2009
Romania’s annual inflation rate dropped well below 5% in September and is expected to reach around 4% by yearend, central bank’s governor Mugur Isarescu said Tuesday.

Bks Risk Helping Clients Too Late – Romanian Ctrl Bk Gov

15:55, 09 Sept. 2009
Banks had exaggerated reactions, although partly motivated, and might decide too late to help their customers, central bank governor Mugur Isarescu said Wednesday.

IMF Financing Might Boost Romania’s Economy – Ctrl Bker

13:54, 06 Aug. 2009
Romanian central bank governor Mugur Isarescu Thursday said that directing the EUR1.9 billion second tranche from the International Monetary Fund loan to finance the budget deficit could help revive the economy.

EXCLUSIVE: Isarescu Intends To Get A New Mandate As Romanian Ctrl Bk Governor

14:28, 03 Iun. 2009
The National Bank of Romania governor Mugur Isarescu told MEDIAFAX he is interested in obtaining a new mandate to head the central bank, a position he has filled for the past 19 years.

Romania ‘09 Key Interest Rate Seen Scaling Down In Line With Inflation – Ctrl Bk

15:06, 31 Mai 2009
Romania’s key policy rate is seen scaling down in 2009, with no sudden adjustments, in line with inflation, central bank governor Mugur Isarescu said Sunday.

Romanian Ctrl Bk To Release EUR800M From Reserves – Gov

15:39, 21 Mai 2009
The National Bank of Romania BNR will release around EUR800 million out of reserves, following its decision to eliminate the minimum required reserve ratio for forex-denominated liabilities with a maturity of more than two years, central bank governor Mugur Isarescu said Thursday.

Romania’s Economy To Start Recovery From „V” Recession – Ctrl Bker

14:22, 21 Mai 2009
The Romanian economy will go through a "V" shaped recession, with a sharp fall followed by a gradual recovery, and the deepest point was in the first quarter, the central bank’s governor Mugur Isarescu said Thursday.

Isărescu: Indicatorii de piaţă sensibili din acordul cu FMI nu vor fi publicaţi

18:34, 14 Mai 2009
Indicatorii de piaţă sensibili cuprinşi în acordul cu Fondul Monetar Internaţional nu vor fi publicaţi, pentru că există în toate înţelegerile de acest gen indicatori care distorsionează pieţele în loc să le ajute, a declarat, joi, la Iaşi, guvernatorul Băncii Naţionale a României, Mugur Isărescu.

Romanian Ctrl Bk Head: Rate Cut Was Needed

14:15, 07 Mai 2009
Slashing the key monetary policy rate was needed in the current economic context, the National Bank of Romania governor Mugur Isarescu said Thursday.

Isărescu: Reducerea dobânzii de politică monetară era necesară

13:16, 07 Mai 2009
Politicile fiscale şi salariale au făcut paşi mari în stabilizarea dezechilibrelor macroeconomice, sunt prociclice în contextul crizei economice, astfel că politica monetară nu putea la rândul ei să rămână prociclică, a declarat guvernatorul BNR, Mugur Isărescu.

BNR reduce dobânda de politică monetară la 9,5%

13:40, 06 Mai 2009
Consiliul de Administraţie al BNR a decis miercuri să reducă dobânda de politică monetară cu 0,5 puncte procentuale, la 9,5% pe an, începând cu data de 7 mai, şi să menţină ratele rezervelor minime obligatorii aplicabile pasivelor în lei şi în valută, la 18% şi, respectiv, 40%.

Romanian Ctrl Bk Gov: Rebuilding Trust Is Essential

16:44, 01 Apr. 2009
Rebuilding the trust in Romania’s economy is essential at the moment and a good collaboration between economical, political and social factors is needed, the central bank’s governor Mugur Isarescu said Wednesday.

Romania ’09 FDI Seen Halved At EUR4.5B – Ctrl Bk Head

12:46, 26 Mart. 2009
Foreign direct investments in Romania are seen halved in 2009, between EUR4 billion and EUR4.5 billion, compared with EUR8 billion in 2008, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Chief To Explain IMF Loan In Parliament Hearing

17:53, 25 Mart. 2009
Romania’s central bank governor Mugur Isarescu will be asked to explain in parliament the reverberations of the IMF loan on local economy during a hearing of the budget and finance committees, democrat liberal Deputy Mircea Toader said Wednesday.

Romania Needs “Preventive” Foreign Financing – Ctrl Bker

19:46, 13 Mart. 2009
Romanian central bank governor Mugur Isarescu told the members of the Government Friday the country needs a “preventive-like” foreign financing to ensure the economic stability and protect the population’s economic interests, the Government said.

Romanian Constr Mkt Won’t Collapse, Invest Continue – Ctrl Bker

17:47, 06 Mart. 2009
The Romanian constructions sector will not collapse, as the private investments will continue and new ones will be launched, central bank governor Mugur Isarescu said Friday.

Romanian Ctrl Bker: External Loans Should Be Paid Back By 2013

16:52, 04 Mart. 2009
The external loans Romania may attract in 2009 have to cover the relatively low EU funds absorption capacity and should be paid back only when a larger part of the EU funds is attracted, by 2013, central bank governor Mugur Isarescu said Wednesday.

Romanians Return Cars To Leasing Cos – Ctrl Bk Gov

19:24, 26 Feb. 2009
More and more Romanians return cars to leasing companies and if the unpaid loans will keep growing, the population will be affected, as the bank is only an intermediary, the central bank governor Mugur Isarecu said Thursday.

RBS Romania’s Sale Not Because Of Poor Results – Ctrl Bk Gov

18:59, 26 Feb. 2009
RBS Romania was put for sale not because it would be a "bad bank," but the decision is a commercial one about which Romanian central bank had some knowledge, the central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk ’09 Inflation Target, Very Likely To Be Reached

17:28, 23 Feb. 2009
Romanian central bank’s inflation target of 3.5%, with a one percentage point variation band, for 2009 is very likely to be attained, the central bank’s governor Mugur Isarescu said Monday.

Romania’s Ctrl Bk, Govt Analyze External Loan Conditions – Ctrl Bker

17:17, 23 Feb. 2009
The National Bank of Romania analyzes, together with Government representatives, the right amount to be borrowed from external markets, at the most favorable costs and with a reasonable payback calendar, the central bank’s governor Mugur Isarescu said Monday.

Romanian Ctrl Bk Ready To Prevent Disruptive Movements Of Exch Rate

16:06, 23 Feb. 2009
The National Bank of Romania, or BNR, is ready to act to prevent any disruptive adjustments of the Romanian leu, central bank governor Mugur Isarescu said Monday.

Romanian Leu Would Not Depreciate On Liquidity Crisis – Ctrl Bker

15:37, 18 Feb. 2009
The Romanian leu would not depreciate against the euro if the market would lack liquidity and a 20% variation of the exchange rate in two years is not a shock, central bank governor Mugur Isarescu said Wednesday.

Romania’s Ruling Coalition To Meet Ctrl Bker For Anti-Crisis Program Talks

12:18, 16 Feb. 2009
Gheorghe Flutur, vice-president of the Democratic Liberal Party, part of the ruling coalition, stated Monday that the coalition would meet central bank governor Mugur Isarescu for talks on the anti-crisis program that needs to ensure the economic stability of the country.

Romania Targets Leu Exchange Rate Stability – Ctrl Bker

13:41, 09 Feb. 2009
A stable exchange rate of the Romanian leu and its correlation with macroeconomic indicators would be in the Romanian Government, economy and banks' best interest, central bank governor Mugur Isarescu said Monday.

Romania’s Ctrl Bk Sold EUR1B To Drain Excess Liquidity

13:02, 09 Feb. 2009
The National Bank of Romania, or BNR, has lately sold EUR1 billion to drain excess liquidity after the Treasury exchanged foreign currency into Romanian lei to cover last year’s deficit, central bank governor Mugur Isarescu said Monday.

Budget Def Financing At Moderate Costs, Essential For Romania – Ctrl Bker

12:35, 09 Feb. 2009
Financing the budget deficit at reasonable costs is essential for Romania under the current circumstances, as even covering a low level, of 2% of the gross domestic product, may prove to be difficult, central bank governor Mugur Isarescu said Monday.

Ţinta de inflaţie pentru 2010 – 3,5%

14:59, 06 Feb. 2009
Banca Naţională a României (BNR) va propune Guvernului stabilirea unei ţinte de inflaţie pentru 2010 de 3,5%, cu un interval de variaţie de un punct procentual, la fel ca cea fixată pentru 2009, a anunţat, vineri, guvernatorul băncii centrale, Mugur Isărescu.

BNR nu va relaxa politica monetară până când constrângerile fiscale nu devin fapte

12:41, 06 Feb. 2009
BNR nu va relaxa condiţiile de politică monetară până când nu intră în funcţiune prevederile de contrângere fiscală şi restricţiile salariale, a declarat vineri guvernatorul băncii centrale, Mugur Isărescu.

Any Tax Hike Is Problematic – Romanian Ctrl Bk Head

14:51, 10 Dec. 2008
An increase of one of Romania’s main taxes is problematic, as the effects of such a measure are uncertain, and the country's new government should first analyze budget spending, central bank governor Mugur Isarescu said Wednesday.

Romania’s Econ To Grow By 8% In ’08, To Keep Growing Next Yr – Ctrl Bk Head

13:58, 10 Dec. 2008
Romanian economy will grow by 8% in 2008, and will remain in "positive territory" next year, central bank governor Mugur Isarescu said Wednesday.

Romanian Unemployment To Grow – Ctrl Bk Head

20:56, 28 Nov. 2008
Romanian unemployment will increase in the following period and Romania needs more flexible labor regulations, structural reforms and “the courage to create new jobs,” central bank’s governor Mugur Isarescu said Friday.

Unrest To Hit Romania’s Economy In ’09 – Ctrl Bker

20:54, 28 Nov. 2008
The unrest due to the uncertainties caused by the international financial markets is one of the main problems Romania's economy will face in 2009, the central bank’s governor Mugur Isarescu said Friday.

Romanian Ctrl Bk Revises Up ‘08 CPI To 6.7%, ’09 CPI To 4.5%

16:24, 03 Nov. 2008
The National Bank of Romania, or BNR, revised upwards its forecasts for the 2008 and 2009 consumer price index to 6.7%, and 4.5%, respectively, from the previous 6.6% and 4.2% estimates, central bank governor Mugur Isarescu said Monday.

Romanian Ctrl Bk Warns Won’t Publish Money Mkt Indices, On Bks Misconduct

18:57, 23 Oct. 2008
The National Bank of Romania has requested seven banks to return to normal inter-bank interest rates and said it might temporarily suspend the publication of the inter-bank bid/offer indices ROBID/ROBOR, if ROBOR exceeds by more than 25% the Lombard rate, the central bank said in a statement.

Ctrl Bker: Money Mkt Malfunctions Are Temporary

16:08, 20 Oct. 2008
Romania’s central bank governor Mugur Isarescu said Monday the recent malfunctions on the monetary market are only temporary and the market will solve them in time.

Romanian Pres Fears State Money Are Placed In Bks With Problems – Sources

14:52, 17 Oct. 2008
Romanian president Traian Basescu told bankers he was afraid that the state’s money might be placed in financial institutions that have problems, a source close to the talks said Friday.

Romanian Pres Invites Bks, Govt For Talks Over Limiting Intl Crisis Effects

14:34, 17 Oct. 2008
Romanian president Traian Basescu invited the National Bank of Romania and the lenders’ representatives to discuss with the government on ways to limit the negative effects of the international financial crisis.

Romanian Ctrl Bker: Monetary Policy Can’t Be Relaxed Much

19:10, 14 Oct. 2008
The monetary policy should be in line with the local and international conditions and cannot be relaxed too much, even if Romania comes after ten years of economic growth, central bank governor Mugur Isarescu said Tuesday.

Ctrl Bker: 99.2% Of Romanian Bank Deposits Below EUR20,000 Guarantee Threshold

17:35, 13 Oct. 2008
Central bank governor Mugur Isarescu said Monday that 99.2% of Romanian bank deposits are below EUR20,000, adding that an increase in minimum deposit guarantee was not necessary, but the authorities are obliged to comply with the European Union norms.