Romania orders first rate increase in more than three years

national bank of romania
National Bank of Romania

The National Bank of Romania ordered a 25 basis point increase to the policy rate, taking it to 1.5%, on October 5. It marks the first change to interest rates since January, and the first increase since May 2018.

The central bank’s nine-member board also raised the deposit and Lombard rates by 25bp, to 1% and 2%, respectively. Reserve requirements are unchanged.

The NBR cited rising and above-target inflation in making its decision. It said inflation had reached 5.25% in August, up from 4.95%

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: http://subscriptions.centralbanking.com/subscribe

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: