Banks keep interests high through a market phenomenon, which makes them level their offers to remain competitive, said the advisor to the governor of NBR, Adrian Vasilescu, adding that banks did not have a tacit arrangement, as the Competition Council alleged, NewsIn informs.
Vasilescu mentioned that it was the authority for consumers' protection (ANPC) in charge with overseeing competition between banks and not the central bank. On the other hand, NBR has repeatedly expressed its concern with the high interests offered by banks for deposits.
“Interests for passives have kept going up. NBR does not intervene in the competition between banks, but has joined the voices that triggered an alarm signal on a dangerous process in this climb,” he explained.
The central bank official stressed that interests for deposits should stand below the key interest rate, which now is of 9.5 percent a year.
