National Bank of Romania

National Bank of Romania

May 7, 2018

Romania’s central bank Board hike the monetary policy rate by 25 basis points today to 2.50%. This action followed an initial 25-bp increase done in January. These two moves reverse half the total one percentage point rate reduction that occurred previously during the first five months of 2015. In a released statement, the move is […] More

National Bank of Romania

April 4, 2018

Following back-to-back quarter percentage point hikes in Romania’s monetary policy rate, now 2.25%, during January and February, central bank officials left the rate unchanged at today’s review. The 1.4 percentage point acceleration of Romanian CPI inflation between December and February had been along lines that officials had anticipated. The latest assessments reconfirm the outlook for […] More

National Bank of Romania

February 7, 2018

NBR Board members agreed to a second straight monthly monetary policy rate hike of 25 basis points to 2.25%. The moves in January and now February represent a directional shift. The rate had been reduced seven times starting in August 2014 to 1.75% by May 2015. Rate reversal comes against the backdrop of strong consumption-led […] More

First Romanian Policy Interest Rate Hike since 2003

January 8, 2018

The first change of a key central bank interest rate was made by the National Bank of Romania, where the key policy rate, deposit facility rate, and lending facility rates were raised 25 basis points each to 2.0%, 1.0% and 3.0%. The policy interest rate had been at 1.75% since a 25-basis point reduction in […] More

National Bank of Romania

November 7, 2017

Romania’s monetary policy rate stays at 1.75%, but the overnight lending and deposit rate corridor was narrowed further with a 25-basis point cut of the former to 2.75% and a hike of the latter to 0.75% from 0.50%. A statement was released after the latest review that observes solid economic growth, a recent pickup of […] More

National Bank of Romania

October 3, 2017

In seven equal increments, Romania’s central bank policy interest rate was halved to 1.75%, the current level, from 3.5% between August 2014 and May 2015. The latest policy review left that key benchmark at 1.75% but raised the standing overnight deposit rate to 0.5% from 0.25%. In conjunction with a decision to leave the standing […] More

National Bank of Romania

August 4, 2017

NBR Board members agreed to leave Romania’s 1.75% key interest rate unchanged and released a statement that updated macroeconomic forecasts, observed new uncertainties, noted that inflation had risen in June but, at 0.85%, remained below the 2.5% medium-term target, and reiterated confidence that inflation will trend toward that objective. ┬áThe new scenario of the projection […] More

National Bank of Romania Keeps Interest Rate at 1.75%

July 3, 2017

Given the current assessments, as well as the emergence of new sources of uncertainty, the Board of the National Bank of Romania decided to keep unchanged the monetary policy rate at 1.75 percent per annum, to further pursue adequate liquidity management in the banking system, and to maintain the existing levels of minimum reserve requirement […] More

National Bank of Romania Retains 1.75% Monetary Policy Interest Rate

May 5, 2017

In seven previous 25-basis point increments in August, September and November of 2014 and January, February, March and May of 2015, Romania’s central bank interest rate was halved to 1.75%. Monetary officials were compelled to stimulate Romanian monetary conditions forcefully because of very low inflation, which eased in the latest reported month of March due […] More

National Bank of Romania Keeps 1.75% Interest Rate

February 7, 2017

Romania’s 25-basis point central bank rate reduction in May 2015 was its ninth and last such cut since the start of 2014. The latest monetary policy review observed inflation to still lie below zero and sees a somewhat less inclining uptrend than imagined before “due mainly to new disinflationary supply-side shocks that emerged from November […] More

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