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Isarescu: Evolution of exchange rate within 5 percent margin indicates stability

Evolution of the exchange rate within a 5 percent margin indicates a stable exchange rate in Romania, stated on Thursday Governor of Romania's National Bank (BNR) Mugur Isarescu, on the occasion of the presentation of the Inflation report on the first quarter of 2010.

'As for the banking sector the exchange rate is floating within a margin of up to 5 percent. We view it as a stable exchange rate. Since 2010-start it was moving within a narrower margin', said Isarescu.

BNR Governor also noted that the behavior change on the international markets should not be reflected by the exchange rate, nor by the banking sector liquidity.

'We should not let the brutal behavior changes on the international markets be reflected by the exchange rate. We hope to maintain liquidity in the banking system. Especially given that the monetary market is stabilizing', added Isarescu.

Sursa: http://www.agerpres.ro

Tags: exchange margin percent within isarescu bnr

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