The National Bank of Romania raised its benchmark interest rate by 25bps to 1.75% at its November meeting, falling short of market expectations of a 50 bps hike. The deposit rate was kept at 1% and the lending facility rate was raised by 50 bps to 2.50%.The bank said it will maintain firm control over money market liquidity as the inflation rate continues to run above forecasts, with most of Q3 inflationary pressures being exogenous, namely energy and vegetable prices. Policymakers expressed concern about the inflation outlook, warning it worsened further, leading to a considerable upward revision of the forecasted path of the annual inflation dynamics. The Board now sees consumer prices on a steep upward trajectory until mid-2022, amid supply side shocks and high energy prices. Meanwhile, the economy is expected to experience an acceleration in Q3, underpinned by strong agricultural output, while the annual dynamics are seen growing at a slower pace. source: National Bank of Romania
Interest Rate in Romania averaged 4.91 percent from 2005 until 2021, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.25 percent in January of 2021. This page provides the latest reported value for - Romania Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Interest Rate in Romania is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Interest Rate is projected to trend around 2.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.