central bank

Kamala Harris calls for international investigation into war crimes of Russian attacks in UkraineVice President Kamala Harris is traveling to Poland and Romania as part of the United States' response to Russia's assault on Ukraine and as…

Using an instrument designed in 2020 to help the government mitigate the effects of the Covid-19 crisis, the National Bank of Romania (BNR) intervened for the first time since last April in the secondary public debt market in order to “d…

Russia's invasion of Ukraine spurred a rush for remittances from citizens of both countries living abroad to help their families weather the disruptions of war.Transfers to Ukraine via MoneyGram, the US remittance company, soared 120% on…

Russia's apprehension of the West's presence on its border sparks mistrust, leading to the attack on Ukraine, which drew worldwide condemnation ADELANI ADEPEGBA writes The Russian economy has started to feel the backlash from President…

(Bloomberg) - Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Bloomberg's Most ReadEastern European Union nations are stepping up their market interventions to protect their currencies from a…

The golden beaches of Cyprus may seem a far cry from Russia's invasion of Ukraine, but many on the eastern Mediterranean vacation island fear the damaging financial fallout from unprecedented sanctions on Moscow.Nicosia and Moscow have…

The British Pound and US Dollar (GBP/USD) exchange rate is in a boundary range today following the release of UK Consumer Credit and Manufacturing data. Investors are waiting for the US manufacturing PMI…

Forint: Foreign exchange interventions seem a distant option After closing in on the all-time high of 372, the tension on EUR/HUF has eased somewhat and it is now hovering around 368 levels. The National Bank of…

BUCHAREST (Romania), February 9 (SeeNews) - Romania's central bank announced on Wednesday that it would raise its key rate to 2.50% from 2.00% from February 10, its fourth rate hike since May 2018 .The central bank, the…

In an article published last year on savings in Romania during the pandemic, we pointed out that despite all…

Remarks/Comments - Focus on the FOMC rate decision. The Fed is expected to signal its plans for its first interest rate hike since 2018. - European stocks rally the most in the six weeks ahead of the FOMC decision.…

Two decades ago, on 1 January 2002, the first euro coins and banknotes were put into circulation in 12 European countries, replacing their national currencies. three years earlier, the first one 11 countries had…

Consumer prices in Romania continued to rise in December as inflation hit new highs, after prices remained constant in…

…

BUCHAREST, Jan 10 (Reuters) - Romania's central bank on Monday raised its benchmark interest rate (ROINTR=ECI) by 25 basis points to 2.00% and further widened the corridor between its lending and interest rates. deposit as it continues to…

(Adds Romanian cenbank decision, analyst note) PRAGUE/BUDAPEST, Jan 10 (Reuters) - The leu held steady at higher levels on Monday after Romania's central bank raised its benchmark interest rate following similar recent moves in Central…

Besides the cool winter air, the next few days will bring a series of inflation data and two monetary policy meetings in the EEC region. As inflation is well above target and fiscal consolidation progresses at a slow…

Breadcrumb Links PMN company Author of the article: Bloomberg News Vince Golle Content of the article (Bloomberg) - Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our…

The euro marks 20 years since people started using the single European currency on Saturday, overcoming initial doubts, pricing concerns and a debt crisis that has spread across the region.Euro banknotes and coins entered circulation in 12…

The euro marked 20 years since people started using the single European currency on Saturday, overcoming initial doubts, pricing concerns and a debt crisis that has spread across the region.European Commission President Ursula von der…

The Hague, December 22, 2021 - Aegon has taken note of an announcement released today by Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). The announcement published by VIG reads as follows: “Vienna…

NEW DELHI: India's banking system was disrupted for the second day in a row on Friday as more than 900,000 people working in the country's public banking sector continued their strike to protest the government's decision to privatize…

By Mihai Macovei * Until recently, the heavy monetary and fiscal easing triggered by governments to stimulate economic recovery at the onset of the global financial crisis did not have major inflationary repercussions, especially since…

For weeks, governments and policymakers around the world have suggested that the recent spikes in consumer and energy prices are transient and that the rise in inflation will subside, once the supply disruptions. and the workforce…

BUCHAREST (Romania), Nov. 9 (SeeNews) - Romania's central bank said on Tuesday it would raise its key rate to 1.75%, from 1.50% on Nov. 10 - its second rate hike since May 2018.The central bank, BNR, also decided to keep…

Rising inflationary pressures and further interest rate hikes to come There is no doubt that supply-side factors were the main driver of the acceleration in inflation from the spring onwards. But, in addition to…

Poland's central bank has sharply raised interest rates in a renewed effort to curb a spike in inflation in the EU's fifth largest state.The 75 basis point increase - which was the second in two months and larger than the 50 basis…

By Miroslava Krufova and Anita KomuvesPRAGUE / BUDAPEST (Reuters) - The Polish zloty and the Hungarian forint will post strong gains against the euro over the next year as most central European currencies return to appreciation, helped by…

By Anita Komuves and Krisztina Than BUDAPEST, October 29 (Reuters) - The Hungarian forint extended its gains and the Polish zloty also strengthened on Friday, with flash data showing annual inflation accelerated to 6.8% in October, higher…

Rising inflation in the eurozone will take center stage as European Central Bank governors meet on Thursday to discuss the future of the bank's monetary policy.Supply disruptions have not only pushed up prices, but also squeezed industrial…

Institutional involvement in the blockchain and cryptocurrency markets is now more critical than ever following the launch of the ProShares Bitcoin Strategy Exchange Traded Fund (ETF) which took Bitcoin (BTC) to a new high of 66 930 on…

Montenegro and Moldova will experience the highest levels of economic growth in emerging Europe in 2021, but the outlook is positive across the region. The Vienna Institute for International Economic Studies (wiiw) expects the…

Rising inflation sparks anxiety around the world as an increase in demand following the easing of Covid-19 lockdowns has faced supply bottlenecks and the surge energy and commodity prices.The biggest consumer price increases in years in…

By Anita Komuves BUDAPEST, Oct. 15 (Reuters) - Central European currencies edged down in a slight correction on Friday, giving up some of their gains posted last week on rate hike expectations by central banks of the region as inflation…

Photo by Radu Bercan / Shutterstock.com The National Bank of Romania raised its policy rate by 25 basis points (bps) to 1.5% at its October meeting, for the…

…

(Updates after Polish rate hike) By Krisztina Than and Gergely Szakacs BUDAPEST, October 6 (Reuters) - The zloty jumped more than 1% to a three-week high against the euro after the National Bank of Poland unexpectedly raised interest…

BUCHAREST (Romania), Oct.5 (SeeNews) - Romania's central bank said on Tuesday it would raise its key rate to 1.50%, from 1.25% on October 6 - the first rate hike since May 2018. The central bank, the BNR, has also decided…

* Baidu, Alibaba and Tencent fall* Ruble leads EMEA losses* Romanian and Polish c.banks expectedOct. 5 (Reuters) - Emerging market equities hit an almost six-week low on Tuesday amid concerns over the Chinese real estate market and as a…

(Bloomberg) - During the deep recession of Covid in Europe, millions of jobs were lost, income and livelihoods were destroyed and many feared for their financial futures. Housing has taken a different path.A boom in house prices has…

(MENAFN- Caribbean News Global) By William Lindquist, Nadeem Ilahi and Jaewoo LeeIMF European Department The purchase of government bonds by central banks in emerging markets may be reminiscent of…

The world's major central bankers have acknowledged that inflation, which has skyrocketed in many advanced economies this year, could remain high for some time - and that while they still expect it to rise. As the pandemic-related supply…

Silvia Albrizio, Ivan Kataryniuk, Luis Molina Sánchez, Jan Schaefer September 29, 2021 Central bank swap and repo lines have been used extensively over the past decade to provide liquidity…

Remarks / Observations The German federal election results sparked what could be months of complex coalition talks (Note: no prospect of a far-left coalition). House Speaker Pelosi fixes Thursday's vote on the infrastructure vote.…

By Anita Komuves BUDAPEST, Sept. 27 (Reuters) - The Hungarian forint extended its losses to an eight-week low on Monday, underperforming its regional peers as it did not get a boost after Moody's raised Hungary's sovereign credit rating on…

European stock markets closed in negative territory on Friday ahead of this weekend's German election and as traders continued to monitor developments surrounding struggling real estate company in China, Evergrande.The French CAC 40 and…

The deadline passed without a word, with no sign that the closely watched payment had been made, so investors did what they did for months to the struggling Chinese real estate giant with lots of debt and little of solutions: they…

THE HAGUE, Netherlands - (COMMERCIAL THREAD) - Regulatory news: On September 20, 2021, Aegon and Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) were informed that the Budapest Metropolitan Court had rejected…

Bitcoin started the week on a negative note on Monday (September 20), as the price of digital currency fell 10% at some point in the day. It was down 9.09% as of 3 p.m. Eastern time on Monday. The price of bitcoin was $ 47,700 on Sunday…

BUCHAREST (Romania), September 20 (SeeNews) - The Romanian Ministry of Finance on Monday sold 706 million lei ($ 167 million / 143 million euros) at auction of Treasury bonds maturing on January 26, 2028, in below the…

Stablecoins might be the most ironically named innovation of the cryptocurrency era, at least in the eyes of many regulators and policymakers in Washington.These digital currencies promise to maintain their value, which is usually tied to…

Image from Shutterstock.com Hungary's business loan growth reached 7.4% on an annualized basis in the second quarter, the second highest rate in the European…

BUCHAREST (Romania), September 1 (SeeNews) - Foreign exchange reserves held by Romania's central bank, excluding gold, stood at 41.616 billion euros ($ 49.7 billion) at the end of August, compared to 39 billion euros a…

Our Monthly Snapshot for Romania Insider members brings you the top topics of the month, to make sure you don't miss the big picture no matter how often you choose to read the news. If you choose to stay away from much of the media…

The Philippines is among the 10 emerging markets (EM) deemed "most vulnerable" to the shockwaves of the possible withdrawal of the massive monetary stimulus from the US Federal Reserve, analysts at Japanese investment firm Nomura said.…

BUCHAREST (Romania), Aug 24 (SeeNews) - Non-government sector deposits in Romanian banks increased 15.3% over the year to reach 442.3 billion lei ($ 125 billion / 107 billion euros) in July, against an annual increase of…

BUCHAREST (Romania), Aug. 24 (SeeNews) - The value of outstanding loans from Romanian banks to the non-governmental sector increased 12.6% year-on-year to 306.6 billion lei ($ 73 billion / 62 billion euros) in July,…

Dr. Written by Ambrozio Prodromos * In our previous conversation, we mentioned the EU SBA's annual fax sheet, marking the performance of the year for small and medium-sized enterprises (SMEs) in the Union and marking the!-->…

Romania's seasonally adjusted GDP was 1.8 in the second quarter after 2.5% q / q (revised from 2.9% q / q) in the first quarter, according to a preliminary report released by the Bureau of Statistics August 17. % T / t increased. The…

This week will be busy as we wait for a flood of data and a central bank meeting. The Serbian central bank will likely stay on hold and keep its key rate at 1% on Thursday. Inflation figures for July will be released…

BUCHAREST (Romania), July 23 (SeeNews) - Non-government sector deposits in Romanian banks increased 14.7% over the year to 438 billion lei ($ 105 billion / € 89 billion) in June, against an annual increase…

Start-up FinTech Banking Circle is using SIA, a subsidiary of CDP Equity, to run its real-time payment service in Europe, The Green Sheet reported on Thursday (July 22). Based in Milan, Italy, SIA is one of the European leaders in the…

Croatia is now near the end of the game for its entry into the euro zone. Last month, the European Central Bank (ECB) make a list of five Bulgarian banks and eight Croatian banks that it would supervise directly from 1 Octoberst,…

Just a few years ago, investment bankers were bullish on emerging markets, which they saw as undervalued and doomed to rise. And yet, after recovering slightly, growth rates in Latin America, the former Soviet Union, the Middle…

By Anita Komuves BUDAPEST, July 9 (Reuters) - Central European currencies and equities strengthened on Friday, following global equities, recouping some of their earlier losses this week on risk aversion caused by concerns about the…

HGlobal CPI in Uganda 5.3% year-on-year vs. 4.9% forecast…

The Irish economy is growing at the second fastest rate in the EU as multinational exports increase and "very tight…

A handful of emerging market currencies have held onto their gains against the dollar this year. That list could shrink in the coming weeks, as the highly contagious delta variant forms a new fault line for…

Breadcrumb Links PMN company Author of the article: Bloomberg News Craig stirling Content of the article (Bloomberg) - Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to…

By Anita Komuves BUDAPEST, July 1 (Reuters) - Central European currencies were little changed in restricted trading on Thursday, while new PMI data from the region showed a robust economic recovery from the pandemic, readings from Poland…

Crypto CoinThe UK's Financial Conduct Authority (FCA) spoke up, the media responded, the market yawned and the price of Bitcoin rose.It's a story of misrepresentation, and the market reaction underscores how little control the UK…

Remarks / Observations Quiet start to the trading week. Focus on Thursday's OPEC + meeting to discuss a sourcing roadmap for August. American Payroll Report Friday. Asia: The BOJ's summary of views on the June meeting noted that it…

Bank lending is gaining momentum in Romania, in part thanks to government programs to help small and medium-sized…

The stock of bank loans in Romania increased by 10.1% yoy at the end of May, to reach 296.27 billion RON (60.2 billion euros), from 8.3% yoy a month more early and 5.5% year-on-year at the end of December, the National Bank of Romania…

The stock of bank loans in Romania increased by 10.1% yoy at the end of May, to reach 296.27 billion RON (60.2 billion euros), from 8.3% yoy a month more early and 5.5% year-on-year at the end of December, the National Bank of Romania…

BUCHAREST (Romania), June 23 (SeeNews) - The value of outstanding loans from Romanian banks to the non-governmental sector increased 10.1% year-on-year to 296.3 billion lei (72 billion / 60 billion euros) in May,…

Emerging market economies may have more difficulty refinancing their debt as countries seek to raise interest rates to cope with higher…

By Anita Komuves BUDAPEST, June 11 (Reuters) - The Czech koruna strengthened to its highest level in 15 months on Friday, while other regional currencies held steady near recent highs, supported by positive sentiment after the European…

Worldwide: Au Point: Finances | Q2 2021…

By Anita Komuves BUDAPEST, June 4 (Reuters) - Budapest stocks opened at a record high on Friday as currencies were mixed as all eyes were on key U.S. jobs data due later in throughout the day, traders expecting a dollar to strengthen to…

BUCHAREST (Romania), June 3 (SeeNews) - Romania on Thursday sold 571.8 million lei ($ 142 million / 116 million euros) of Treasury bonds due November 25, 2024, below l 'initial goal, according to central bank data. The…

However, border closures have been unequivocally bad for the higher education sector. Indeed, one of the weaker features of this week's economic report has been a noticeable drop in "public sector consumption", largely due to a sharp…

Image credit: bunqIn April, the Amsterdam-based challenger bank, bunq, expanded its operations in Germany by launching a local IBAN (International Bank Account Numbers) allowing German members to take full advantage of all the…

SOFIA (Bulgaria), June 1 (SeeNews) - Norwegian debt solutions provider B2Holding on Tuesday announced that it has invested € 3 million ($ 3.7 million) in the purchase of new portfolios of non-performing…

Muhammad Zamir | Published: May 30, 2021 8:59:58 PM Governments around the world are playing a crucial role in providing lifelines for people and businesses to help fight the pandemic and its economic fallout. To support…

BUCHAREST (Romania), May 28 (SeeNews) - The value of outstanding loans from Romanian banks to the non-governmental sector increased by 8.3% year-on-year to reach 293.6 billion lei (72.7 billion dollars /…

BloombergIs the gold ready to tear even more? Four key charts to watch(Bloomberg) - Just as vaccine rollout and economic optimism left gold resembling last year's metal, it sparked a rally.Bullion is one of the top performing…

Notes / Observations EU confidence data is improving as vaccinations reopen the region's economies (Germany, Sweden and Italy during the session). USTR Tai held the first trade call with his Chinese counterpart, Vice Premier Liu He;…

China's economic influence in Central and Eastern Europe is often presented as a threat to the region's independence and security. But how big is this influence? A new study suggests it has been massively overestimated.…

As part of the UN-backed Covax initiative, Unicef…

Cryptocurrency speculation is all the rage. Apart from the famous bitcoin (which lost value of about a third in the last few weeks, and keeps spinning madly), there are thousands of other coins being bought and sold around the world,…

BUCHAREST, Romania, May 20 (SeeNews) - The Romanian Finance Ministry on Thursday rejected all bids for an auction of 600 million lei ($ 148 million / 122 million euros) of Treasury bonds coming due June 24, 2026,…

This week, Serbia will release its flash estimate of GDP for 1Q21, which we see at a promising level of -0.5% y / y (+ 1.4% q / q). The country's service sector has probably performed better than in most Central and…

A major educational platform has been born in Eastern Europe, a new online resource that invites Romania to learn daily about the digital currency Bitcoin, as well as other cryptocurrencies. crypto.ro was…

BloombergUS Jobs Recovery After Crisis Looks Strong: Eco Week(Bloomberg) - The U.S. economy likely saw another bumper month of hiring in April, consistent with other reports that suggest growth momentum is developing in the wake of the…

Regional today Thursday April 29, 2021, 11:00 Banking…

BUCHAREST (Romania), April 27 (SeeNews) - The value of outstanding loans from Romanian banks to the non-governmental sector increased 6.6% year-on-year to 290.6 billion lei ($ 71 billion / 59 billion euros) in March,…

(Updates with cenbank decision, trader comments) By Jason Hovet and Anita Komuves PRAGUE/BUDAPEST, April 27 (Reuters) - The Hungarian forint eased slightly on Tuesday after the National Bank of Hungary (NBH) left interest rates…

“I think we have to recognize that what we have been through is not a financial crisis, but a health crisis. The banking system is different in the world, but when it comes to continental Europe and Romania,…

SINGAPORE: Financial institutions will be allowed to use their collateral in Housing and Development Board (HDB) apartments as liquidity collateral from the Monetary Authority of Singapore (MAS), as part of the government's plan to…

The central bank has announced revisions to its bank financing framework for private sector wheat purchases. Based on initial impressions, it appears to be a mix of welcome milestones, peppered with over-regulatory concerns. One of the…

Mortgage rates are down again today with rates for all types of buy loans in decline. The rate for a 30-year fixed-rate loan hovers around 3.5%. Rates for refinance loans were mixed, with most rates declining. The…

BloombergUS Jobs Recovery After Crisis Looks Strong: Eco Week(Bloomberg) - The U.S. economy likely saw another bumper month of hiring in April, consistent with other reports that suggest growth momentum is developing in the wake of the…

Bloomberg US Jobs Recovery After Crisis Looks Strong: Eco Week (Bloomberg) - The U.S. economy likely saw another bumper month of hiring in April, consistent with other reports that suggest growth momentum is developing in the wake of the…

ISLAMABAD / KARACHI: Policies in favor of Pakistan would be implemented despite assistance from the International Monetary Fund (IMF), State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Sunday.Speak in Geo News "Naya…

Editor's Note: Morning Money is a free version of the POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers every morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools…

(Add details, background) BUDAPEST, July 30 (Reuters) - The Hungarian government is in talks with local banks on the partial extension until 2021 of a moratorium on loan repayments for businesses, Prime Minister Viktor's chief of staff…

BRASILIA (Reuters) - Credit conditions in Brazil improved in February, central bank figures showed Monday, as a large measure of consumer and business default ratios held low ten years ago, bank loan spreads narrowed and credit growth…

Despite advances in digital payment and the availability of mobile wallets in most countries, cash remains a predominant payment method - especially in Romania, where 78% of transactions are still made in cash.Romania tops the list of…