Romania Interest Rate

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.

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.

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.

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.

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.

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.