Mathematical finance

Central bank keeps key rate unchanged at 1.25 pct per annum

The Board of the National Bank of Romania (BNR) decided today to keep the benchmark interest rate unchanged at 1.25 pct per annum, the central bank said in a release. The monetary authority also decided to maintain the deposit facility rate at 0.75 pct per annum and the lending facility rate (Lombard) at 1.75 pct per annum.

Central banks should not rule out negative rates: IMF

Central banks around the world should not discard negative interest rates policies (NIRP) but instead keep them in their toolkit, even if using such policies is unlikely, the IMF suggested on March 3. 

"NIRP was and remains politically controversial, partly because it is often misunderstood," the global financial body stressed in a new report.

Strict criteria set for the ‘Deposit to Be Returned’

The extent of losses each enterprise has suffered in March will be one of the key criteria determining its eligibility for a state loan dubbed the "Deposit to Be Returned," as well as its size.
The Finance Ministry will compare the company's March turnover for each of the last three years and, using an algorithm, will calculate the lost profits.