The National Bank of Romania left its benchmark interest rate steady at 2.5% on January 8th, as expected after annual inflation rate fell to back to the central bank target of 1.5-3.5% for the first time in eight months. The deposit and lending facility rates were also kept steady at 1.5% and 3.5%, respectively. Interest Rate in Romania averaged 5.35 percent from 2005 until 2020, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.75 percent in May of 2015.

Interest Rate in Romania is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Romania to stand at 3.00 in 12 months time. In the long-term, the Romania Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

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Romania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.50 12.50 1.75 2005 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-08-05 10:00 AM 2.5% 2.5% 2.5% 2.5%
2019-10-03 09:30 AM 2.5% 2.5% 2.5% 2.5%
2019-11-06 11:00 AM 2.5% 2.5% 2.5% 2.5%
2020-01-08 11:00 AM 2.5% 2.5% 2.5% 2.5%
2020-02-07 10:30 AM 2.5% 2.5%


News Stream
2019-11-06
Romania Leaves Monetary Policy Unchanged
The National Bank of Romania left its benchmark interest rate steady at 2.5% on November 6th, as expected after annual inflation rate fell to back within the central bank target of 1.5-3.5% for the first time in eight months. The deposit and lending facility rates were also kept steady at 1.5% and 3.5%, respectively.

2019-10-03
Romania Leaves Monetary Policy Unchanged
The National Bank of Romania left its benchmark interest rate steady at 2.5% on October 3rd 2019, as expected after annual inflation rate fell to 3.9%, slightly above the target band of 1.5% and 3.5%. The deposit and lending facility rates were also kept steady at 1.5% and 3.5%, respectively.

2019-08-05
Romania Leaves Monetary Policy Unchanged
The National Bank of Romania left its benchmark interest rate steady at 2.5% on August 5th 2019, as expected after annual inflation rate fell to a four-month low of 3.8% from 4.1 percent, but remaining above the target band of 1.5% and 3.5%. The deposit and lending facility rates were also kept steady at 1.5% and 3.5%, respectively.

2019-07-04
Romania Leaves Monetary Policy Unchanged
The National Bank of Romania left its benchmark interest rate steady at 2.5% on July 4th 2019, as expected after inflation rate came in unchanged from the previous month's six month high of 4.1 percent in May. The deposit and lending facility rates were also kept steady at 1.5% and 3.5%, respectively.

2019-05-15
Romania Leaves Monetary Policy Unchanged
The National Bank of Romania left its benchmark interest rate steady at 2.5% on May 15th 2019, as expected after inflation rate unexpectedly rose to a six-month high of 4.1 percent. The deposit and lending facility rates were also kept steady at 1.5% and 3.5%, respectively.

2019-04-02
Romania Holds Key Interest Rate at 2.5%
The National Bank of Romania left its benchmark interest rate steady at 2.5% on April 2nd 2019, as widely expected. In February 2019, annual inflation rose above expectations to a four-month high of 3.8% from 3.3% in January, outside the upper bound of the target band of 1.5-3.5%. The inflation rate is expected to remain above the upper bound of the target band in the short-term, ending 2019 at 3% (previously 2.9%). The bank also noted the deceleration in GDP growth to 4.1% in 2018 from 7% a year ago and the current account gap rising to 4.5% of GDP in 2018 from 3.2% in 2017. The deposit and lending facility rates were also kept steady at 1.5% and 3.5%, respectively. Policymakers highlighted as main risks to the outlook the fiscal policy stance and labour market; the evolution of the current account gap; oil prices; the pace of growth in the EU and in the global economy; the monetary policy stances of the ECB and of central banks of the region and the Brexit effect.


Romania Interest Rate
In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). The official interest rate is the Policy Rate.

Romania Money Last Previous Highest Lowest Unit
Interest Rate 2.50 2.50 12.50 1.75 percent [+]
Money Supply M0 73904.80 72676.10 73904.80 95.20 RON Million [+]
Money Supply M1 265446.90 257245.70 265446.90 21882.80 RON Million [+]
Interbank Rate 3.01 3.01 207.10 0.49 percent [+]
Money Supply M2 411920.60 404380.90 411920.60 62118.30 RON Million [+]
Money Supply M3 411920.60 404380.90 411920.60 62331.30 RON Million [+]
Foreign Exchange Reserves 37450.00 38228.10 40225.50 2598.50 EUR Million [+]
Banks Balance Sheet 523951.02 515753.79 523951.02 181252.30 RON Million [+]
Lending Rate 3.50 3.50 45.00 2.75 percent [+]
Loans To Private Sector 107702.00 107564.30 121752.80 48811.80 RON Million [+]
Cash Reserve Ratio 8.00 8.00 40.00 8.00 percent [+]
Central Bank Balance Sheet 198152.29 204117.86 207147.51 80454.70 RON Million [+]
Deposit Interest Rate 1.50 1.50 6.25 0.25 percent [+]