Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Raiffeisen: excess RON on monetary market will be absorbed in a year

The excess liquidity on the monetary market has declined significantly over the last few years to a level of around 6 billion lei (equivalent to 1.7 billion euros) at present, from as much as 23 billion lei in 2005, daily Ziarul Financiar reports on Thursday.

'The decline is even more abrupt, if we take into account the share of excess liquidity in the Gross Domestic Product, which has fallen from 8 percent in 2005 to 2 percent at present. The current level is similar to that seen in 2001,' daily Ziarul financiar quotes Ionut Dumitru, head of the research department of Raiffeisen Bank as saying. Under the circumstances, the monetary market could experience periods of strong decline in liquidity, alternating with periods of a higher surplus of lei liquidity, depending on the calendar of payments to the state budget and on the spending pattern of the Government. According to Dumitru, under the current circumstances, the excess of lei on the monetary market should be completely absorbed in about a year. Sursa: http://www.rompress.ro

Tags: market monetary excess

Articole similare