The central bank of Romania raised its key monetary policy rate by 75bps to 3.75% on May 10th 2022, the sixth consecutive hike since October, and pushing borrowing costs to the highest since 2014. The inflation outlook worsened and policymakers expect the inflation to continue to rise in Q2 and decline only gradually in the next four quarters. On the GDP front, the latest data point to a slight re-acceleration of economic growth in Q1, but the GDP is seen nearly stalling in Q2, due to the impact of the war in Ukraine and sanctions. The lombard rate and the deposit facility rate were also raised by 75bps to 4.75% and 2.75% respectively. source: National Bank of Romania
Interest Rate in Romania averaged 4.84 percent from 2005 until 2022, 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 2022.
Interest Rate in Romania is expected to be 3.75 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 5.25 percent in 2023, according to our econometric models.