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.