Mugur Isărescu: National Bank of Romania - 140th anniversary

Speech by Mr Mugur Isărescu, Governor of the National Bank of Romania, Bucharest, 29 April 2020.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Early this year, we found ourselves during challenging times, under an awful threat of medical nature, which has affected our lives, as well as the global economy. Many sectors have experienced sudden stops. The negative effects of COVID-19 pandemic have required the adoption of comprehensive and coordinated packages of measures in order to respond to lockdowns and deterioration of economies, trying at the same time to establish grounds for future opening up and strategies for restarting the activities.