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.

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Romania Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-09 01:00 PM 2.5% 2% 2.25% 2.25%
2022-04-05 12:00 PM 3% 2.5% 3% 3%
2022-05-10 12:00 PM 3.75% 3% 3.5% 3.5%
2022-07-06 12:00 PM 3.75% 4.5% 4.25%


Related Last Previous Unit Reference
Interest Rate 3.75 3.00 percent May 2022
Money Supply M1 404691.20 408474.90 RON Million May 2022
Money Supply M0 98477.90 99331.00 RON Million May 2022
Money Supply M2 569421.40 569722.70 RON Million May 2022
Money Supply M3 569421.40 569722.70 RON Million May 2022
Foreign Exchange Reserves 47823.00 46661.00 EUR Million Jun 2022
Banks Balance Sheet 702630.66 697424.14 RON Million Apr 2022
Central Bank Balance Sheet 265310.85 257777.26 RON Million Apr 2022
Deposit Interest Rate 2.00 1.50 percent Apr 2022
Lending Rate 4.00 3.50 percent Apr 2022
Cash Reserve Ratio 5.00 5.00 percent Mar 2022
Loans To Private Sector 107702.00 107564.30 RON Million Jul 2018

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.75 3.00 12.50 1.25 2005 - 2022 percent Daily

News Stream
Romania Hikes Rates for 6th Time
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.
2022-05-10
Romania Raises Interest Rates by 50bps
The National Bank of Romania raised its benchmark interest rate by 50 bps to 3% at its April 5th meeting, matching expectations and raising interest rate for the third consecutive time in a row. The board also raised its lending facility rate by 50bps to 4% and its deposit rate by 50 bps to 2%. Further, the bank said that it will maintain firm control over money market liquidity and the current levels of minimum required reserve ratios for lei and foreign currency liabilities of credit institutions. The annual inflation rate in Romania continued to rise gradually in the first two months of 2022, contrary to forecasts, to 8.35 percent in January and 8.53 percent in February, from 8.19 percent in December 2021. The bank noted that the annual inflation rate is expected to rise sharply in the coming months than expected in February, due to the impact of supply-side shocks triggered by the Russia-Ukraine war.
2022-04-05
Romania Raises Interest Rates by 50bps
The National Bank of Romania raised its benchmark interest rate by 50 bps to 2.5% at its February meeting, above expectations. The board raised its lending facility rate by 50bps to 3.5% and its deposit rate elevated by 50 bps to 1.5%. The bank said it will maintain firm control over money market liquidity and aims to restore and maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The NBR Board decisions aim to anchor inflation expectations over the medium term, as well as to foster saving through higher bank rates, so as to bring back the annual inflation rate in line with the 2.5 % ±1% flat target on a lasting basis, in order to achieving sustainable economic growth in the context of the fiscal consolidation process.
2022-02-09