Mugur Isărescu: "Romania has a robust financial stability"

Romania has a robust financial stability – National Bank of Romania (BNR) Governor Mugur Isărescu said on 29 June, when presenting the Bank's report for last year.

He specified that the National Bank has made a profit, out of which 80% went to the state budget, as stipulated by the law.

Mugur Isărescu: We had a peak economic growth for the post-crisis period, almost 7%, in the context of two consecutive years of fiscal stimulus and revenue growth. External imbalance in expansion. Prudence limits have not yet been exceeded. We hope that they will not be overcome, but this expansion of the external imbalance shows an increase in domestic absorption, consumption plus investment beyond the potential of the economy. Inflation rate was on an ascending trajectory, but how? Starting from negative values.

A special chapter in the report shows that Romania's gold reserve has increased after the revolution in December and until 2000 by 30 tons, after which it remained constant, with the current total weight being of 307.3 tons, according to RRA Reporter Cătălin Radu.

Source:RRA.Translated by Miruna Matei