11 November 2009

Romania - benchmark interest rate 8 %

November 10, 2009 - In terms of real interest rates 8 % is very high when the next in the EU is 7 % in Hungary or Turkey deputy central bank Governor Cristian Popa said.

'But the real interest rate must also be corrected with the difference between the risk premium investors perceive now for exposure to Romania compared with the risk premium for the euro zone. The interest rate is not exaggerated at the moment.

Many banks in Romania offer deposit rates of 10% or more.

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