Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

BNR's role, to mitigate excessive movements that may occur on forex and interbank money markets

The role of the Central Bank is to mitigate the excessive movements that may occur on the forex and interbank money markets, given that the new measures that have come into force at the beginning of this year change data on the two markets, thus new levels of balance are being sought, Dan Suciu, spokesman for the National Bank of Romania (BNR) said on Thursday.

"In the second semester of last year, we had a relative exchange rate stability with a variation of about 1 percent between 4.62 - 4.67 (lei / euro - ed.n.), as a result of the improvement of some fundamental indicators such as the inflation rate, but also a stability in the interbank market, including a slightly positive margin compared to other markets in the area. The new measures that came into force earlier this year are changing data on the two markets - foreign exchange and interbank money - which are closely correlated and, as a result, new levels of balance are being sought on these markets. Under conditions of maximum uncertainty, BNR's role is to mitigate the excessive movements that can occur on these markets," Suciu explained .

The Romanian currency, the leu, depreciated on Thursday by 0.42 bani (0.09 percent) versus the euro, reaching yet again a historic minimum in relation to the European single currency, the rate set by the National Bank of Romania (BNR) being 4.6764 lei / euro, given that on Wednesday, BNR quoted the euro at 4.6722 lei.



More