The National Bank of Romania slashed its policy rate by 25bps to 1.25 percent during its January 2021 meeting, aiming to support the economy amid the ongoing coronavirus crisis and a slowdown in inflation rate. Annual inflation declined to 2.1 percent in December, below the central bank's midpoint target of 2.5 percent and the lowest since September 2017. The deposit and lending facility rates were also cut by 25bps to 0.75 percent and 1.75 percent, respectively. source: National Bank of Romania

Interest Rate in Romania averaged 5.10 percent from 2005 until 2021, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.25 percent in January of 2021. This page provides the latest reported value for - Romania Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Interest Rate in Romania is expected to be 1.50 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 1.50 in 12 months time. In the long-term, the Romania Interest Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Romania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.50 12.50 1.25 2005 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 12:00 PM 1.75% 2%
2020-08-05 04:10 PM 1.5% 1.75%
2020-11-12 10:35 AM 1.5% 1.5%
2021-01-15 03:20 PM 1.25% 1.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Romania Cuts Key Interest Rates by 25bps
The National Bank of Romania slashed its policy rate by 25bps to 1.25 percent during its January 2021 meeting, aiming to support the economy amid the ongoing coronavirus crisis and a slowdown in inflation rate. Annual inflation declined to 2.1 percent in December, below the central bank's midpoint target of 2.5 percent and the lowest since September 2017. The deposit and lending facility rates were also cut by 25bps to 0.75 percent and 1.75 percent, respectively.
2021-01-15
Romania Holds Rates, Cuts FX Reserve Requirement
The National Bank of Romania held its benchmark interest rate at 1.5% and cut the minimum reserve requirement on commercial banks' hard currency liabilities to 5% from 6% during its November meeting. In October, annual infection fell to 2.2%, within the central bank's 1.5-3.5% target. Policymakers expect annual price growth of 2.7% this year and 2.5% in 2021.
2020-11-12
Romania Cuts Interest Rate to 1.5%
The National Bank of Romania lowered its benchmark interest rate by 25bps to 1.5 percent on August 5th of 2020, bringing borrowing costs to its lowest on record. The annual inflation rate rose to 2.6 percent in June, and policymakers expect it to remain stable in the upper half of the target range until the end of the year. The lending facility rate was also lowered to 2 percent from 2.25 percent and the deposit facility rate to 1 percent from 1.25 percent. Given the elevated uncertainty surrounding economic and financial developments, the NBR Board decision to suspend the previously announced calendar of monetary policy meetings remains in place and monetary policy meetings will be held whenever necessary.
2020-08-05
Romania Cuts Interest Rate to 1.75%
The National Bank of Romania lowered its benchmark interest rate by 25bps to 1.75 on May 29th of 2020, bringing borrowing costs to its lowest since December of 2017. The lending facility rate lowered to 2.25 percent from 2.50 percent and the deposit facility rate to 1.25 percent from 1.50 percent. Given the elevated uncertainty surrounding economic and financial developments, the NBR Board decision to suspend the previously announced calendar of monetary policy meetings remains in place and monetary policy meetings will be held whenever necessary.
2020-05-29

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.