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.

Interest Rate in Romania averaged 5.20 percent from 2005 until 2020, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.50 percent in August of 2020. 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 October of 2020.

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 1.75 in 12 months time. In the long-term, the Romania Interest Rate is projected to trend around 2.25 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Romania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 12.50 1.50 2005 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 11:15 AM 2.5% 2.5% 2.5% 2.5%
2020-03-20 03:35 PM 2% 2.5%
2020-05-29 12:00 PM 1.75% 2%
2020-08-05 04:10 PM 1.5% 1.75%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Cuts Rates Unexpectedly
The National Bank of Romania lowered its benchmark interest rate by 50 bps to 2 percent at a surprise meeting on March 20th, bringing borrowing costs to its lowest since January 2018. Policymakers said the move aims to mitigate the impact of the situation generated by the coronavirus outbreak on households and Romanian companies. The deposit and lending facility rates were also cut by 50bps 1 percent and 3 percent, respectively. Due to elevated uncertainty surrounding economic and financial developments, the central bank also decided to suspend the previously announced calendar of monetary policy meetings and hold monetary policy meetings whenever necessary.
2020-03-20
Romania Holds Rates, Cuts FX Reserve Requirement
The National Bank of Romania held its benchmark interest rate at 2.5 percent and cut its reserve requirement ratio on foreign currency to 6 percent from 8 percent during its February meeting. The deposit and lending facility rates were also kept steady at 1.5 percent and 3.5 percent, respectively. The decision was widely expected by markets even as inflation rate remains well above the central bank's target range of 1.5 percent-3.5 percent.
2020-02-07

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.