At its 27 September meeting, the National Bank of Romania (NBR) left the monetary policy rate unchanged at a record low of 5.25% for a fourth consecutive meeting. The move was widely anticipated by market analysts, as policy makers evaluate the impact of accelerating inflation and political turmoil that pushed the Romanian leu to a record low. The Bank also left its minimum reserve requirements on both leu and foreign-exchange deposits unchanged. Regarding inflation developments, the Bank noted that "the persistence of a wide negative output gap will, however, further exert disinflationary effects." The Bank added that the upcoming parliamentary elections in December will cause heightened uncertainty. Against this backdrop, monetary authorities called for "preserving a prudent monetary policy stance in order to ensure a firm anchoring of inflation expectations". The next policy meeting is scheduled for 2 November.
Romania Monetary Policy
Central Bank keeps rates on hold
September 27, 2012
Looking for forecasts related to Monetary Policy in Romania? Download a sample report now.
Romania Monetary Policy Chart
Note: National Bank of Romania reference rate in %.
Source: National Bank of Romania (NBR).
Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.