ARB President Ghetea: Interest rates on downward trend

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Commercial banks in Romania are on a downward trend in terms of interest on deposits, those in lei in particular, head of the Romanian Banks Associations (ARB) Radu Gratian Ghetea said Wednesday at a debate about the relaunch of lending, in the Chamber of Deputies’ budget-finance committee.
„Saving is not encouraged at the moment and interests are too big, in my opinion. We are on an downward trend in terms of level of interest rates on deposits, those in lei in particular. This trend will allow us to decrease interest rates on lending,” Ghetea explained.
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