Romanian Monetary Policy Kept Unchanged

June 29, 2011

Romania’s monetary policy rate has been 6.25% since May 2010 and will remain at that level until at least the next meeting on August 3.  The central bank has not yet begun tightening, even tough CPI inflation of 8.4% as of May is twice as high as its level at the time of the May […] More

Unchanged Romanian Central Bank Rate

May 3, 2011

The National Bank of Romania as anticipated left its key interest rate at 6.25%, the level since May 2010.  The last rate change, a cut of 25 basis points, was undertaken a year ago in May 2010 and culminated a series of nine reductions implemented from February 2009 and adding up to 400 basis points […] More

Romanian Monetary Policy Rate to Remain at 6.25%

March 31, 2011

Officials at the National Bank of Romania left their key interest rate 6.25%, extending the period of time at that level to at least twelve months.  From a peak of 10.25%, the rate was cut five times in 2009 by a total of 225 basis points and four more time last year (but not after […] More

No Change Made in Romanian Monetary Policy

February 3, 2011

The National Bank of Romania left its monetary policy rate unchanged at 6.25%, its level since a 25-basis point cut last May 4th.  There were five rate cuts from February 2009 to September 2009 totaling 225 basis points followed by a further 175 basis points of rate reduction in four increments last year.  The central […] More

No Change in National Bank of Romania’s 6.25% Monetary Policy Rate

January 5, 2011

Romania’s monetary policy is hand-cuffed by the conflicting problems of disappointingly low economic growth, much higher-than-targeted CPI inflation, and deficient private-sector credit growth.  Central bank officials implemented nine rate reductions from February 2009 to May 2010 totaling 400 basis points but are now maintaining a “prudent” wait-and-see stance.  In a new released statement, monetary officials […] More

Romanian Central Bank Rate Left at 6.25%

November 2, 2010

At their final scheduled monetary policy meeting of 2010, officials did not change key rates or the required reserve ratio.  The monetary policy rate has been at 6.25% since early May but was reduced by 175 basis points earlier this year on top of 225 basis points of reduction implemented in 2009, mostly in the […] More

Monetary Policy Unchanged in Romania

September 29, 2010

In another monetary policy announcement, the National Bank of Romania retained a key 6.25% policy rate.  That has been the level since a 25-basis point reduction on May 4 and cuts of 50 bps in each month of the first calendar quarter of 2010.  Monetary policy eased later in Romania than in many other countries.  […] More

Key Romanian Interest Rate to Stay at 6.25%

August 4, 2010

For a second straight meeting, officials at the National Bank of Romania kept the monetary policy rate at 6.25%.  Cuts in January, February, March and May had reduced the key interest rate by 175 basis points on top of 225 basis points of reduction implemented in five steps during 2009.  Romania had been comparatively late […] More

Romania’s Monetary Policy Rate Kept Steady

June 30, 2010

Credit policy in Romania was left on hold as expected.  It had been in easing mode until early last month.  Policymakers had cut their key interest rate five times by a combined 225 basis points in 2009 and four more times earlier in 2010 by a further 175 bps.  In contrast to a cyclical peak […] More

A Ninth Rate Cut in Romania

May 4, 2010

The National Bank of Romania cut its policy interest rate to 6.25% from 6.5% as expected.  The 25-basis point magnitude of this ninth easing since February 2009 matches the size of the first move, while each of the intervening seven reductions were by 50 basis points including ones in each month of 1Q10.  Romania is […] More