November 23, 2017

Daniel Daianu: BNR should lower the interest rate

Economic expert and former finance minister Daniel Daianu told a Coface seminar yesterday that the National Bank of Romania (BNR) could slightly lower the monetary policy interest rate, seeing the abrupt fall in inflation, which might go down to 3.4-3.8 % next year. Daianu proposes as a public policy strengthening and restoring the ties with areas and markets outside the EU public policy. The economic analyst insisted on the importance the EU funds have as the main solution to avoid economic slowdown and for continuing structural reforms, given this will compel the more efficient use of public money. Daianu said that Romania must prepare a Plan B that should have in view Greece going bust, in which case the five Greek banks on the local market will be controlled by a Greek state “on the drip”.

Source: Nine o’clock (read more)

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