Mugur Isarescu

Annual inflation rate up to 5.3 in August

The annual inflation rate went up to 5.3 pct in August 2021, from 5 pct in July, given that non-food stuffs were more expensive by 7.92 pct, foodstuffs by 2.7 pct, and services by 2.97 pct, according to data published on Friday by the National Institute for Statistics (INS). According to the INS, consumer prices in August 2021 compared to July 2021 increased by 0.2 pct.

PM Citu: We are moving in direction in which Romania is no longer low wage country

Prime Minister Florin Citu stated, on Tuesday, that the data regarding inflation presented on Monday by the National Bank of Romania (BNR) represent an estimation, yet there are "interesting" figures regarding wages, which show that Romania is going in the direction in which "it is no longer a low wage country." The National Bank of Romania (BNR) increased to 5.6 pct the inflation forecast for

Central bank seeks exception allowing Board members to carry on beyond age 70

Governor of the National Bank of Romania (BNR) Mugur Isarescu sent Parliament a letter requesting the introduction in the bill adopted by the government that prohibits public employees from collecting both wage and pension, of an exception allowing the members of the BNR Board to work beyond the age of 70.

BNR head Mugur Isarescu: We are not proposing to stimulate credit towards rational exuberance

The National Bank of Romania (BNR) does not simply aim to stimulate credit toward rational exuberance, a rapid credit growth that will end in the explosion of non-performing loans, BNR Governor Mugur Isarescu said on Wednesday at the seminar on "Target: Boosting financial intermediation".

Isarescu: The BNR treasure remains only case in which assumed restitution obligations - not respected

The treasure of the National Bank of Romania (BNR) remains the only case in which a monetary gold reserve is entrusted with proper documents that it will be returned at any time at the request of the owner, and the obligations assumed have not been respected, the BNR Governor Mugur Isarescu said on Wednesday.

Romanian, Moldovan central banks sign new Cooperation Agreement

The main and enduring message of the National Bank of Romania (BNR) for the National Bank of Moldova is that of a sustainable and robust partnership, BNR governor Mugur Isarescu said on Friday at the signing ceremony of the new Cooperation Agreement between the Romanian and the Moldovan central banks.

Central bank: Climate change agenda has high stake for Romania's economy, financial system

The climate change agenda has a high stake for the Romanian economy and financial system, both in terms of opportunities and costs, should the green transition be delayed, the governor of the National Bank of Romania (BNR), Mugur Isarescu, said on Tuesday at the press conference for the presentation of the Report of the National Committee for Macroprudential Supervision (CNSM).

PSD's Ciolacu: All statements made by BNR officials yield effects

The Chairman of the Social Democratic Party (PSD), Marcel Ciolacu, sent on Monday a letter to the governor of the National Bank of Romania BNR), Mugur Isarescu, affirming that all statements made by BNR officials yield effects, regardless of whether they are made in a personal capacity or from the official desk.

Pages