Romania cb prepares for cap account liberalisation

The National Bank of Romania (BNR) is preparing to fully free the capital account by cutting the interest rates to the national currency leu deposits, the Capital weekly reported in its latest issue.

In the past three months, the BNR lowered the intervention interest rate by 2.5 per cent to the current 18.75 per cent a year, 1 percentage point less than in August 2003.

A major risk Romania might face in the case of massive foreign exchange inflows on the domestic market would be for such inflows

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.