At its 29 March meeting, the National Bank of Romania (NBR) cut the monetary policy rate by 25 basis points to a record low of 5.25%. The move marked the fourth consecutive rate cut and was widely expected by market analysts, as low inflationary pressures allow the Bank to stimulate economic activity, in particular after the economy contracted over the previous period in the final quarter of 2011. The Bank commented that indicators show a persistent negative output gap amid the moderating annual growth of industrial output and exports as well as given the increased uncertainties related to the European economic growth outlook.
Romania Monetary Policy
Central Bank cuts rate for the fourth consecutive time
March 29, 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.