Erste analysts expect Romania to defer next rate cut to Q2 2025
The data-dependent National Bank of Romania (BNR) will keep the key rate on hold at 6.5% at its last meeting of this year scheduled on November 8, according to a research note published by Erste Group. The decision would be based on the…
iulian ernst · Journalist
· Updated · 2 min read
The data-dependent National Bank of Romania (BNR) will keep the key rate on hold at 6.5% at its last meeting of this year scheduled on November 8, according to a research note published by Erste Group. The decision would be based on the large fiscal slippage this year (recently confirmed by the government), a still robust increase in real wages (above 8% y/y in August), and a slower-than-expected decline in the inflation rate.
The Austrian bank’s analysts said they expect the next rate cut in Q2 next year.
