April 7, 2025 UPDATE (1)
A roundup of local and world news
Newsroom, 07.04.2025, 18:55
HEARING – Romania’s Labor Minister, Simona Bucura-Oprescu, announced her agenda will prevent her from appearing before the Chamber of Deputies to attend the so-called Government Hour. The request came from Save Romania Union (USR), which demanded clarifications regarding reports of abuse in care homes for children with disabilities as well as the actions the Ministry undertook to protect children and adults in these centers, to strengthen control mechanisms and provide the necessary resources to ensure quality social services.
BANKING – The Central Bank board on Monday decided to maintain the monetary policy reference rate at 6.5% per year. Additionally, the Bank decided to maintain interest rates for National Bank loans to commercial banks or related deposits at 7.5% and 5.5% per year, respectively. Last year, the Bank lowered the key interest rate in July from 7 to 6.75% and in August to 6.5%. The last such modification had been operated in January 2023. (VP)
