As shown in the Bank Lending Survey – February 2020, published by the National Bank of Romania on March 2nd, in the final quarter of 2019, credit standards for non-financial corporations changed marginally, both at aggregate level and by company size and loan maturity. Most of the factors that may have a bearing on credit standards did not impact the latter. The only elements that played a role in the tightening of credit standards were the current or expected capital position of the bank, as well as the NBR’s monetary policy decisions and prudential measures.
Continuă lectura „Loans to non-financial corporations”Financial Stability Report – December 2019
According to the Financial Stability Report December 2019 published by the National Bank of Romania, the aggregate level of systemic risks to financial stability in Romania is on the rise, similarly to global developments, and the outlook for the years ahead shows the furthering of this trend.
Continuă lectura „Financial Stability Report – December 2019”Developments in inflation
The National Bank of Romania has published the Inflation Report for November 2019. As shown in the report, the annual CPI inflation rate returned to the upper bound of the variation band of the flat target of 2.5 percent ± 1 percentage point, ending 2019 Q3 at 3.49 percent (0.35 percentage points below the June level and 0.2 percentage points below the latest forecast). Behind the disinflationary trend stood mainly the declines in vegetable prices amid a good harvest across the EU. Opposite influences stemmed from tobacco product prices and the slightly faster growth of the adjusted CORE2 inflation rate, indicating the persistence of inflationary pressures from fundamentals.
Continuă lectura „Developments in inflation”Foreign direct investment in Romania
The National Bank of Romania has published the annual report regarding the Foreign direct investment in Romania for 2018.
Continuă lectura „Foreign direct investment in Romania”Balance of payments and external debt
The National Bank of Romania has published the press release on 14th of October regarding the balance of payments and external debt for August 2019. As shown, in January – August 2019, the balance-of-payments current account posted a deficit of EUR 7,080 million, compared with EUR 6,104 million in the same year-ago period.
Continuă lectura „Balance of payments and external debt”Newsletter September 2019
The launch of the FinTech Innovation Hub project
Continuă lectura „Newsletter September 2019”NBR – Bank Lending Survey
The National Bank of Romania has published the Bank Lending Survey – August 2019. The Survey is conducted on a quarterly basis by the NBR in January, April, July and October. It is based on a questionnaire (released as part of the May 2008 analysis) which is sent to the top 10 banks. These banks were selected based on their market share in terms of loans to companies and households, accounting for approximately 80 percent of the loan stock.
Continuă lectura „NBR – Bank Lending Survey”Financial Stability Report
As shown in the Financial Stability Report June 2019 published on June 5th by the National Bank of Romania, the financial stability has remained adequate since the release of the previous Report, yet the associated risks are on the rise, amid global economic and financial developments marked by heightened uncertainty, alongside the resurgence on the domestic front of the risk of an uncertain and unpredictable legislative framework in the financial and banking sector.
Continuă lectura „Financial Stability Report”NBR – Bank Lending Survey
The National Bank of Romania has published at the end of February the Bank Lending Survey. The survey is conducted on a quarterly basis by the NBR in January, April, July and October.
Current and future macroeconomic and monetary developments
The National Bank of Romania Board discussed and adopted the monetary policy decision, based on the data and analyses on current and future macroeconomic, financial and monetary developments submitted by the specialised departments, as well as on other available domestic and external information.
Continuă lectura „Current and future macroeconomic and monetary developments”