The National Bank of Romania kept its benchmark interest rate at 1.25 percent during its July 2021 meeting, as expected and once again choosing to wait before acting after the annual inflation rate increased to a 17-month high of 3.75 percent driven by power prices. Moreover, it held both the deposit facility rate at 0.75 percent and the lending facility rate at 1.75 percent, and kept unchanged the existing levels of minimum reserve requirement ratios. Romania has an interest rate differential, which enables the central bank to wait before increasing rates, so that tightening of policy could be done instead via a firmer management of market liquidity. Policymakers forecast inflation at 4.1 percent in December and see it returning within the 2.5-3.5 percent target next year. source: National Bank of Romania

Interest Rate in Romania averaged 5 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 July of 2021.

Interest Rate in Romania is expected to be 1.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Romania to stand at 1.50 in 12 months time. In the long-term, the Romania Interest Rate is projected to trend around 2.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Romania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.25 12.50 1.25 2005 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 03:20 PM 1.25% 1.5%
2021-03-15 04:30 PM 1.25% 1.25%
2021-05-12 01:20 PM 1.25% 1.25% 1.25% 1.25%
2021-07-07 09:30 AM 1.25% 1.25% 1.25% 1.25%
2021-08-06 12:00 PM 1.25% 1.25%
2021-10-05 12:00 PM 1.25%
2021-11-09 01:00 PM 1.25%


News Stream
Romania Holds Rates Steady
The National Bank of Romania kept its benchmark interest rate at 1.25 percent during its July 2021 meeting, as expected and once again choosing to wait before acting after the annual inflation rate increased to a 17-month high of 3.75 percent driven by power prices. Moreover, it held both the deposit facility rate at 0.75 percent and the lending facility rate at 1.75 percent, and kept unchanged the existing levels of minimum reserve requirement ratios. Romania has an interest rate differential, which enables the central bank to wait before increasing rates, so that tightening of policy could be done instead via a firmer management of market liquidity. Policymakers forecast inflation at 4.1 percent in December and see it returning within the 2.5-3.5 percent target next year.
2021-07-07
Romania Leaves Monetary Policy Unchanged
The National Bank of Romania kept its benchmark interest rate at 1.25 percent during its May 2021 meeting, choosing to wait before acting, amid expectations of sharp inflation growth. Moreover, it held both the deposit facility rate at 0.75 percent and the lending facility rate at 1.75 percent, and kept unchanged the existing levels of minimum reserve requirement ratios. Aiming at preserving price stability, the NBR Board stands ready to use its available instruments as to support the recovery of economic activity in the context of fiscal consolidation, while safeguarding financial stability.
2021-05-12
Romania Keeps Rates Steady
The National Bank of Romania held its benchmark interest rate at 1.25 percent during its March 2021 meeting, following a 25bps cut in the previous meeting to support the economy amid the ongoing coronavirus crisis. The deposit and lending facility rates were kept unchanged at 0.75 percent and 1.75 percent, respectively.
2021-03-15
Romania Cuts Key Interest Rates by 25bps
The National Bank of Romania slashed its policy rate by 25bps to 1.25 percent during its January 2021 meeting, aiming to support the economy amid the ongoing coronavirus crisis and a slowdown in inflation rate. Annual inflation declined to 2.1 percent in December, below the central bank's midpoint target of 2.5 percent and the lowest since September 2017. The deposit and lending facility rates were also cut by 25bps to 0.75 percent and 1.75 percent, respectively.
2021-01-15

Romania Interest Rate
In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). The official interest rate is the Policy Rate.