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. Interest Rate in Romania averaged 5.42 percent from 2005 until 2019, 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 2.75 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.