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March 27, 2023

Crisis in regional context, BNR Governor’s Senate statement

Governor of the National Bank of Romania (BNR) Mugur Isarescu stated yesterday at the end of his meeting with the Senate’s Permanent Bureau that the issues tackled during the talks consisted of financing the budget deficit, the exchange rate’s evolution and the possible evolution of interest rates, ‘in a fairly tense regional and global context,’ Realitatea TV informs. Mugur Isarescu stated ‘the situation is fairly complicated, not just in Romania but throughout the whole region and its rapid impact cannot be forgotten. This is the evolution of a financial crisis. It has an extremely brief onset and violent moments throughout its course.’ In his turn, Senate Speaker Mircea Geoana pointed out that the Permanent Bureau’s representatives talked with Mugur Isarescu about the alternative options that could be taken in case the measures adopted by the Government cannot be applied. ‘We have tried to find out from the BNR Governor how much longer this recession will last and if the solutions proposed by the current Government will take Romania out of economic crisis,’ Mircea Geoana pointed out.

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