At its 2 May meeting, the National Bank of Romania (NBR) left the monetary policy rate unchanged at a record low of 5.25%. The move marked the first halt in eight months after the Bank cut rates four consecutive times. Market analysts expected a 25-basis points cut, but switched to a halt in the easing cycle after the collapse of the Romanian government on 27 April. The Bank also left its minimum reserve requirements on foreign-exchange deposits at 20% and the ratio for leu deposits at 15%. On the political events, the Bank noted that domestic developments heighten capital flow volatility, thus the need for a prudent monetary policy stance for the aggregate broad monetary conditions. The next policy meeting is scheduled for 27 June.
Romania Monetary Policy
Central Bank stays put after government collapse
May 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.