Romania keeps monetary policy at 6.5% amid multiple sources of uncertainty
The National Bank of Romania (BNR) at its May 15 board meeting kept the policy rate at 6.5%, which did not surprise analysts, who are predicting a rate cut no sooner than 2027, a monetary authority’s release reads. BNR reiterated its…
iulian ernst · Journalist
· Updated · 2 min read
The National Bank of Romania (BNR) at its May 15 board meeting kept the policy rate at 6.5%, which did not surprise analysts, who are predicting a rate cut no sooner than 2027, a monetary authority’s release reads. BNR reiterated its expectations for a substantial downward correction of the headline inflation in 2026 Q3, generated by base effects and the strengthening of disinflationary pressures, particularly from the aggregate demand deficit – but a detailed updated Inflation Report will be released on May 19.
BNR cited inflation rising above expectations in Q2 due to Middle East-related effects and internal factors, such as the hike in regulated rent prices for state-owned housing units.
