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Excessive interest law: are there already perverse effects?

Excessive interest law: are there already perverse effects?

Author: Cristian Bichi, Governor Adviser, Chancellery BNR

In March 2019, the Romanian Constitutional Court finds that a law aimed at limiting interest rates in the financial sector is unconstitutional, mainly due to the fact that the economic, social and legal motivation and substantiation of the solutions adopted [i] was not achieved, the law itself being considered unclear.

For more information, please see the Romanian version of the article, here.

 

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BANCA NATIONALA A ROMANIEI