National Bank of Romania resists the populists – for now

Veteran governor Mugur Isărescu has defended the central bank’s independence

The National Bank of Romania joined the growing list of central banks under sustained pressure from central and eastern European governments, when members of the country’s ruling Social Democratic Party launched a series of assaults over the past year on the integrity of the 139-year-old institution.

Attacks on the credibility of the central bank and its governor were made by a number of lawmakers, notably allies of so-called ‘kingmaker’ Liviu Dragnea (the speaker of the lower house of

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