Romanian banks have issued in the first half of this year a total of 1,917,977 cards, a number substantially lower than the same period last year, when were issued 2,912,372 cards, according to central bank statistics, analyzed by Bancherul.ro.rnrnNumber of valid cards in circulation dropped in the first six months of this year to 157,435 pieces, totaling 13,191,094 cards.rnrnThe total number of valid cards issued by Romanian banks is only 393,036 pieces smaller than the peak period at the end of 2008, when there were 13,584,130 cards. At the end of 2010 was recorded the lowest number of valid cards: 12,604,226.rnrnIn terms of active cards, commonly used by the owners, their number is 10813509 units in June 2012, with 42,467 more than at the end of last year.rnrnDebit cards are the vast majority, 11,043,814 pieces, but 138,296 fewer than at the end of 2011.rnrnCredit cards have reached 2,137,445 pieces at the end of June 2012, 18,841 fewer pieces than at the end of last year.rnrnLog in to BANKERS CLUB for complete data on the number of cards, ATMs, POS and the payments numbers and values.
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The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank
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