Current Account in Romania
Romania - Current AccountIn Q1 2022, the economy likely performed well despite escalating food and energy prices and progressively tighter monetary policy. Retail sales grew healthily in Q1 relative to the Q4 average, aided by the robust labor market and the lifting of Covid-19 restrictions in March. Moreover, economic sentiment stayed upbeat throughout the quarter. On the downside, industrial activity through February averaged below Q4’s reading; activity in February was weighed down by weakness in the energy and mining subsectors. Turning to Q2, government support to households and SMEs and resilient economic sentiment should be supporting momentum. In other news, on 15 April the government drafted a tax law change that, if approved, will support the exploitation of Romania’s Black Sea natural gas reserves. This would significantly boost the public budget, renew investment and further energy independence.
Romania - Current Account Data
|Current Account (% of GDP)||-1.2||-2.0||-3.4||-4.4||-4.6|
5 years of economic forecasts for more than 30 economic indicators.
Romania Current Account Chart
Source: National Bank of Romania.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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May 10, 2022
At its meeting on 10 May, the National Bank of Romania (NBR) raised the policy rate to 3.75% from April’s 3.00%, thus marking the sixth successive hike.
April 13, 2022
Industrial output increased 0.6% compared to the same month a year earlier in February, following January's 0.4%.
April 12, 2022
Consumer prices rose a seasonally-adjusted 1.88% over the previous month in March, picking up from the 0.58% rise recorded in February.
April 5, 2022
At its meeting on 5 April, the National Bank of Romania (NBR) raised the policy rate to 3.00% from 2.50%, marking the fifth successive hike.
March 14, 2022
Consumer prices increased a seasonally-adjusted 0.58% in February over the previous month, easing from January's 1.48% rise.