Articole cu tag-ul: deposits, finance ministry, Romania's Finance Ministry, romania-s-finance-ministry, yield

General

Foreign currency deposits preferred

“I believe we are talking about a lack of confidence of the population in the leu. Individual clients, as well as companies, want to protect themselves against currency risk, which they perceive as being high. The population may have closed some lei-denominated deposits in September and switched to foreign currency,” Melania Hăncilă, analyst for Volksbank ...

General

Interest rates on deposits could drop below key interest by year-end deposits

The National Bank of Romania (BNR) cut the key rate in August to an annual 8.5 percent from nine percent, in line with expectations, but surprised the market by reducing the cash reserve ratio (CRR) for foreign currency-denominated liabilities to 30 percent, which will allow banks to have more liquidity. Following this decision, the benchmark ...