National Bank of Romania

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

National Bank of Romania

May 5, 2016

Romania’s reserve requirement and monetary policy interest rate of 1.75% were not changed at the May meeting of the central bank board.  A released statement projected continuing negative CPI inflation (-3.0% in May) until July 2016 and rising thereafter in positive territory up to the upper half of the targeted corridor and reaching the peak […] More

National Bank of Romania

March 31, 2016

Romania’s monetary policy rate was cut 125 basis points in the second half of 2013, another 125 basis points during 2014, and a full percentage point in four moves during the first five months of 2015.  Those actions reduced the rate from 5.25% to its present level of 1.75%.  Today’s statement kept 1.75%, but a […] More

National Bank of Romania

January 7, 2016

Romania’s central bank Board left the monetary policy interest rate at 1.75%, a record low and the level since a cut last May.  The reserve requirement was lowered by two percentage points to 12.0%, and a released statement  Observed that inflation remains negative versus a 1.5-3.5% target. Projected that “the annual inflation rate will return […] More

National Bank of Romania

November 5, 2015

Romania’s record low 1.75% monetary policy rate was not changed at the last scheduled meeting of 2015.  The rate had been at 3.25% when the Board met in September 2014 and authorized a cut of 25 basis points.  Five more such reductions followed over the ensuing eight months to the present level.  The Board released […] More