Romanian Bankers See Rates On Leu, Euro Loans At Close Levels In 18 Months

The gap between interest rates on Romanian leu- and euro-denominated loans is likely to narrow in the next 18 months, provided the cost of domestic currency lending will continue its downward trend, the head of Romanian Banking Association (ARB) said Tuesday.At the same time, the cost of foreign currency lending is poised to increase, due to a higher Euribor, said Radu Ghetea."The European Central Bank has artificially kept Euribor at very low levels during the past two years (…). I ...

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