The National Bank of Romania slashed its policy rate by 25bps to 1.25 percent during its January 2021 meeting, aiming to support the economy amid the ongoing coronavirus crisis and a slowdown in inflation rate. Annual inflation declined to 2.1 percent in December, below the central bank's midpoint target of 2.5 percent and the lowest since September 2017. The deposit and lending facility rates were also cut by 25bps to 0.75 percent and 1.75 percent, respectively. source: National Bank of Romania
Interest Rate in Romania averaged 5.10 percent from 2005 until 2021, reaching an all time high of 12.50 percent in May of 2005 and a record low of 1.25 percent in January of 2021. 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 February of 2021.
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 1.50 in 12 months time. In the long-term, the Romania Interest Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.