At its 2 August meeting, the National Bank of Romania (NBR) left the monetary policy rate unchanged at a record low of 5.25% for a third consecutive meeting. The move was widely anticipated by market analysts as the weakening of the leu, caused by recent political turmoil, outweighed the need to spur economic growth. The Bank also left its minimum reserve requirements on both leu and foreign-exchange deposits unchanged. The Bank noted that the persistent political turmoil "generated net capital outflows with an unfavourable impact on the exchange rate." According to monetary authorities, "the slowdown in foreign currency credit growth also triggered a moderation of the expansion in lending to the private sector". The next policy meeting is scheduled for 27 September.
Romania Monetary Policy
Central Bank stays put
August 2, 2012
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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.