Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

The decrease of key interest aims at disinflation and the increase of loans offer

The decrease of key interest does not help the state to borrow cheaply, but it is a factor for disinflation and could influence the loans offer, the moment the demand for loans is resumed, the BNR vicegovernor Cristian Popa said.

Asked if the drop of key interest at a minimum level would help the state to get cheap finances, Popa answered: ' Our purpose is sustainable disinflation on a medium and long term. The interest can influence the loan offer. We want to see a larger access to loans'. At the same time, he said that he does not know if the pressure on leu appreciation will continue, but he appreciated that it is about a regional context. « The appreciation of the leu is not an isolated case, it is about a regional context, even global as regards the interest for emerging countries. Investors see that the situation is as difficult as in March 2009' Popa said.

He motivated this interest through the success of bonds emissions of emerging countries and lower profits than expected. According to his opinion, the problems facing Greece are those that made investors to diversify the portofolios with acquisitions on the part of emerging countries.

We have positive signals from the part of industry and exports

Cristian Popa considered that the industry and exports are the only to support the Romanian economy now, and the National Bank noticed positive signs in this direction, but consumption, the one that had the largest share in the GDP will come back later.

« We have positive signs on the part of industry and exports, but consumption continues to drop. Export is the one that has the main contribution now, but investment will come back later, especially that of non-residents but consumption will come back the last one, under the conditions where unemployment continues to increase' Cristian Popa, vicegovernor of the BNR said after the speech of IMF leader Dominique Strauss-Kahn. ' Some of the Romanians will lose their jobs over the next months, in April, May, June.So that the unemployment rate does not drop so quickly but the authorities must fight to support economy' the IMF leader said. The unemployment rate went up in February to 8.3% against 8.1% in January.

The Romanian economy declined by 7.1% in 2009, after a robust growth of 7.1% a year earlier.

For 2010, the authorities forecast a growth of 1.3%.

Sursa: http://www.actmedia.eu

Tags: offer interest loans disinflation bnr