The National Bank of Romania kept its benchmark rate at 6.5% in November 2024, marking the second consecutive hold, in line with expectations. September's annual inflation rate dropped to 4.6%, down from 5.1% in August, primarily due to lower fuel and energy prices. In Q3 2024, inflation continued its gradual decline, although at a slower rate than prior quarters and forecasts. Meanwhile, the latest forecast suggests inflation may edge up late this year and fluctuate in early 2025, driven by base effects, the severe drought, and rising commodity prices, especially impacting food and energy. However, inflation is expected to gradually decline, potentially moving below the target range in early 2026. As for economic growth, revised data show GDP growth of 0.3% in Q2 2024 after a 0.4% decline in Q1, with annual growth at 0.9%, driven by household consumption despite slowing investment and weak net exports. source: National Bank of Romania

The benchmark interest rate in Romania was last recorded at 6.50 percent. Interest Rate in Romania averaged 5.05 percent from 2005 until 2024, 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 November of 2024.

The benchmark interest rate in Romania was last recorded at 6.50 percent. Interest Rate in Romania is expected to be 6.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-08-07 12:00 PM
Interest Rate Decision
6.5% 6.75% 6.5% 6.5%
2024-10-04 12:00 PM
Interest Rate Decision
6.5% 6.5% 6.25%
2024-11-08 01:00 PM
Interest Rate Decision
6.5% 6.5% 6.5% 6.25%


Related Last Previous Unit Reference
Banks Balance Sheet 876108.09 866950.54 RON Million Sep 2024
Cash Reserve Ratio 5.00 5.00 percent Sep 2024
Central Bank Balance Sheet 383782.46 369561.06 RON Million Sep 2024
Deposit Interest Rate 5.50 5.50 percent Oct 2024
Foreign Exchange Reserves 73663.00 70775.00 EUR Million Sep 2024
Interest Rate 6.50 6.50 percent Nov 2024
Lending Rate 7.50 7.50 percent Oct 2024
Loans to Private Sector 204793.50 201223.90 RON Million Sep 2024
Money Supply M0 120259.70 119138.60 RON Million Sep 2024
Money Supply M1 424395.30 419463.20 RON Million Sep 2024
Money Supply M2 698237.40 693601.30 RON Million Sep 2024
Money Supply M3 698237.40 693601.30 RON Million Sep 2024

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
6.50 6.50 12.50 1.25 2005 - 2024 percent Daily


News Stream
Romania Keeps Interest Rate Unchanged as Expected
The National Bank of Romania kept its benchmark rate at 6.5% in November 2024, marking the second consecutive hold, in line with expectations. September's annual inflation rate dropped to 4.6%, down from 5.1% in August, primarily due to lower fuel and energy prices. In Q3 2024, inflation continued its gradual decline, although at a slower rate than prior quarters and forecasts. Meanwhile, the latest forecast suggests inflation may edge up late this year and fluctuate in early 2025, driven by base effects, the severe drought, and rising commodity prices, especially impacting food and energy. However, inflation is expected to gradually decline, potentially moving below the target range in early 2026. As for economic growth, revised data show GDP growth of 0.3% in Q2 2024 after a 0.4% decline in Q1, with annual growth at 0.9%, driven by household consumption despite slowing investment and weak net exports.
2024-11-08
Romania Keeps Interest Rate Unchanged at 6.5%
The National Bank of Romania kept its benchmark interest rate unchanged at 6.5% during its October 2024 meeting, following two consecutive rate cuts. Annual inflation rose to 5.4% in July from 4.9% in June before easing to 5.1% in August. This increase was driven by a rapid rise in food and energy prices due to severe drought conditions and higher natural gas distribution tariffs, overshadowing decreases in administered prices and fuel prices influenced by falling crude oil prices. As for economic activity, it showed a slower quarter-on-quarter growth of just 0.1% in Q2, down from 0.5% in Q1, indicating a reduction in excess aggregate demand. However, year-on-year GDP growth improved to 0.8% in Q2, largely fueled by a notable increase in household consumption.
2024-10-04
Romania Cuts Interest Rate Further to 6.5%
The National Bank of Romania (NBR) reduced its benchmark interest rate by 25 basis points to 6.5% during its August 2024 meeting, matching market expectations and marking the second consecutive rate cut. The decision aims to bolster price stability and sustainable economic growth. The inflation rate dropped to 4.94% in June 2024 from 5.12% in May, primarily due to declines in core inflation and fuel prices, though slightly offset by higher natural gas prices. Additionally, the core inflation rate fell more rapidly than anticipated, reaching 5.7% in June, driven by disinflationary base effects and lower commodity prices. Meanwhile, Economic activity increased by 0.7% in Q1 2024, though GDP growth slowed to 0.5%. Retail and motor vehicle sales rose in April-May, and manufacturing output saw a modest recovery. On the downside, employment sharply contracted in May, and the unemployment rate climbed to 5.5% in Q2.
2024-08-07