Romania cuts rates as rising Covid-19 cases hurt economy

national bank of romania

The National Bank of Romania cut its policy rate today (August 6), saying the country faced major risks from the resurgent Covid-19 pandemic.

The central bank’s board said it had decided to cut the policy rate by 25 basis points to 1.5%. It said Romania’s economy faced “extremely high uncertainty”.

The major source of economic risks “remains, at least in the short run, the coronavirus pandemic – which has resurged of late – and the associated containment measures”, the statement said. Romania

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: