National Bank of Romania

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.  The 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

National Bank of Romania Leaves Policy Stance Unchanged

November 4, 2016

The last change of Romania’s monetary policy rate was a 25-basis point cut in May 2015 that culminated a string of nine such reductions since the start of 2014. A statement released after the NBR’s latest review notes that CPI inflation will probably not rise above zero until early 2017 but projected a further increase […] More

National Bank of Romania

September 30, 2016

Officials at NBR consider monetary conditions appropriately stimulative. While today’s policy statement observes elevated uncertainties and notes that the latest on-year changes in total consumer prices and core components of the index are only -0.2% and +0.5%, the baseline outlook for inflation is a sanguine picture: Recent assessments reconfirm the outlook for the annual inflation […] More

National Bank of Romania’s Main Interest Rate Kept at 1.75%

August 4, 2016

Romania’s last four interest rate cuts totaling one percentage point were implemented during the first five months of 2015. Economic growth is performing well, exceeding 4.0% at an annual rate in the first quarter of 2016. However, inflation is still negative and expected to remain so until the end of this year “before returning inside the […] More

National Bank of Romania Keeps 1.75% Interest Rate but Flags Risks

June 30, 2016

Romania’s policy interest rate has been 1.75% since a 25-basis point cut in May 2015 that culminated 350 basis points of reduction over the prior two years.  A statement released after the central bank Board’s latest policy review highlighted new downside risks to be monitored.  “Banca Naţională a României the external environment is marked by […] More