Interest rates in Romania cover 10-year inflation rate of 44 pct compared to17 pct in Europe (ARB)
Publicat:The higher interest rates of Romanian banks than those in developed countries in Europe have covered a higher inflation, of 44% over 10 years, compared to 17% in Europe, Florin Danescu, the executive chairman of the Romanian Banking Association (ARB) told on Wednesday the "Romanian Financial Conference", organized by BusinessMark.
"When one speaks about the fact that interest rates in Romania are higher than in other developed countries, one must also take into account that interest rate must include inflation, otherwise it would not be economic efficiency for industry. In Europe, for…
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