Interest rates on the money market are expected to drop to lower values with the beginning of a new set-up period of minimum mandatory reserves, the conclusion of tax payments and the up-coming monetary policy session of Romania's central bank (BNR), Banca Transilvania GM, Robert Rekkers says.
- Publicitate -
However, Rekkers did not make any predictions on the decisions of BNR.
The interbank money market in Romania saw a boost in interest rates in the past week to values exceeding 100 percent per year, with some banks even posting rates of 500 – 600 percent.
Banca Transilvania, the fifth Romanian lender by assets, inked an agreement for a credit worth 102.5 million euros from the International Finance Corporation, a member of the World Bank Group.
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