At its 5 January meeting, the National Bank of Romania (NBR) cut the monetary policy rate by 25 basis points to a record low of 5.75%, marking the second consecutive rate cut. The move was expected by market analysts, as low inflationary pressures allow the Bank to stimulate economic activity in the midst of the protracted Euro area debt crisis. The Bank commented that the economy continues to recover, underpinned by favourable exports, as well as industrial and farming output, although uncertainties regarding global and European growth cloud the short-term outlook for the Romanian economy. Against this backdrop, the NBR Board noted that the gradual adjustment of monetary conditions will not only help resume robust economic growth, but also boost domestic savings, including the aim to support a sustainable external deficit and a lower dependence on external financing.
Romania Monetary Policy
Central Bank cuts interest rates for the second consecutive time
January 5, 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.