The National Bank of Romania held its benchmark interest rate at 1.5% and cut the minimum reserve requirement on commercial banks' hard currency liabilities to 5% from 6% during its November meeting. In October, annual infection fell to 2.2%, within the central bank's 1.5-3.5% target. Policymakers expect annual price growth of 2.7% this year and 2.5% in 2021. source: National Bank of Romania
Interest Rate in Romania averaged 5.14 percent from 2005 until 2020, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.50 percent in August of 2020. This page provides the latest reported value for - Romania Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Interest Rate in Romania is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Romania to stand at 1.75 in 12 months time. In the long-term, the Romania Interest Rate is projected to trend around 2.00 percent in 2021 and 3.00 percent in 2022, according to our econometric models.