Central bank

Repatriating Romania's gold reserve would cost 10-20 times more than the commission paid to the Bank of England for storing it there, said, on Tuesday, the Governor of the National Bank of Romania (BNR), Mugur Isarescu, in a press conference. "We will respect the law, the vote of the Parliament.

European Economy Commissioner Paolo Gentiloni has expressed his intention to support decisions that will help the Greek economy to grow, sending a positive signal to the government regarding its request for the reduction of the primary surplus target.

Both the European Central Bank and the European Commission have taken a stand in favor of fiscal expansion, which should help Greece's proposal for a reduction to the primary budget surplus target, central banker Yannis Stournaras revealed on Tuesday.

Axia Research considers it very possible that Greece will secure the coveted investment grade as early as this year, likely toward the end of 2020, as the political risk has been minimized and positive catalysts are expected in the economy.

Average interest rates on deposits in the Turkish banking industry have been falling since the second half of 2019 and hit 9.6 percent, which marked a three-year low, state-run Anadolu Agency reported.

The country's Central Bank delivered a significant 1,275 basis point cut since July 2019, slashing its benchmark one week-repo rate from 24 percent to 11.15 percent.

Turkey's Central Bank on Jan. 20 said it will distribute accumulated contingent reserves with annual profit, excluding last year's.

The decision came at its top huddle in the capital Ankara where stakeholders gathered to discuss and vote on the 2019 profit distribution.

Eurozone banks increased their net interest income in the first nine months of last year, despite incessant complaints that negative central bank rates are wiping out their most basic form of income, data from the European Central Bank showed on Wednesday.

The Central Bank of Turkey (CBRT) on Jan. 16 cut its one-week repo rate by 75 basis points.

The bank's policy rate, also known as one-week repo auction rate, has been revised to 11.25 percent, down from 12 percent,  according to a written statement.

The bank scheduled 12 committee meetings for 2020.

Turkey's Central Bank has announced that it will hold an extraordinary general assembly meeting on Jan. 20.

According to the invitation the bank sent out to shareholders, one of the items on the assembly meeting will be advance distribution of profits from 2019 profits.

The Turkish Central Bank on Dec. 28 revised Foreign Exchange reserve requirement practice and ratios in order to support financial stability and the real loan growth-linked reserve requirement practice, the bank said in a statement. 

The bank has decided to raise reserve requirement ratios for FX deposits/participation funds by 200 basis points for all maturity brackets, it added.