At its 2 November meeting, the Central Bank cut the monetary policy rate by 25 basis points to a record low of 6.00%. The move, which surprised market analysts, who had expected rates to be left unchanged, seeks to buttress the economy in the midst of the protracted Euro area debt crisis. The Bank commented that the drop in annual headline inflation was mainly attributed to the fall in volatile food prices over June-September and the fading-out of most of the first-round effect of the VAT rate hike. Monetary authorities expect the downward trend in inflation to continue going forward, leaving room for further rate cuts if necessary. In fact, Central Bank Governor Mugur Isarescu recently declared that there is significant room for an easing cycle, but we don't want to disrupt the current balances.
Romania Monetary Policy
Central Bank unexpectedly cuts interest rates
November 2, 2011
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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.