Tag Archives: BNR

To understand, what is really decisive for the RON exchange rate, there are only two romanian gentlemen you need to know: Mr. Central Bank & Mr. Foreign Trade. When the rata lunara for CHF-mortgages exploded in January 2015, affected homebuyers gathered at the offices of the romanian central bank (BNR) in downtown Bucharest to protest in the hope that the mighty bank …

From time to time you hear in the news, that the central bank of Romania has changed the key interest rate. This change is rather small, in most cases 0.25% up or down. Why should I care too much about 0,25%? I have no money at the central bank anyway, you might think and switch the channel for more juicy …