The National Bank of Romania kept its benchmark interest rate on hold at 2.5 percent on November 6th 2018, in line with market expectations. Consumer prices in Romania edged down to 5 percent year-on-year in September, compared to a 5.1 percent in the previous month. Inflation is expected to fall further to 3.5 percent in the end of the year. The deposit and lending facility rates were also kept unchanged at 1.5 percent and 3.5 percent, respectively. Interest Rate in Romania averaged 5.58 percent from 2005 until 2018, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.75 percent in May of 2015.
Interest Rate in Romania is expected to be 2.50 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 3.00 in 12 months time. In the long-term, the Romania Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.