Romania plans to join the exchange rate mechanisms (ERM2) in 2012 and is to switch to the euro on January 2015, said Cristian Popa, at a news conference organized in Vienna by the Austrian Central Bank.
Referring to the BNR decision of maintaining the reference rate of 8 percent , Cristian Popa said that this decision is not a signal changing the trend of the monetary policy of BNR. Besides, the BNR vice-governor deems that by the decision maintaining the interest rate and positive correction of the current account deficit of Romania, a major risk was removed targeting the exchange rate.
We have so far we’ve registered a continuous volatility of the exchange rate. I do not believe there are reasons anymore, mainly considering that the political turmoil is expected to end soon, so that the exchange rate have a better evolution than in the past, said Cristian Popa.
































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