Premium
BNR (National Bank of Romania) Governor Mugur Isarescu on Tuesday will have a hearing within the joint economic and budget-finance committees of the Senate, starting 11.00 am.
The head of the economic committee, Daniel Zamfir, specified that Mugur Isarescu did confirm his presence.
"From what I understood he will bring the entire Board of Administration with him, which makes us glad, for he finally understands the obligations of the Board of Directors of the BNR. We will discuss about ROBOR and the manner in which this indicator is being calculated and also about the report issued by the BNR late last year on financial stability and inflation. It will be a full day, with many questions to which I am certain Mr Governor will have answers. (...) We will also tackle the Leu-Euro exchange rate. We will talk for an hour or two. I believe that we will discuss all the topics worrying the population, the public opinion, right now and I see no reason why I should believe that we will leave the hearing as confused as we are now," said Zamfir.
He also said that the hearing should clarify whether BNR influenced the ROBOR or not: "We should also clarify whether the BNR influenced the ROBOR or not, the exchange rate and what role the central bank plays in establishing the inflation target in our country.
