Romanian National Bank revises inflation forecast upwards to 9.6%
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast,…
Radu Dumitrescu · Journalist
· Updated · 2 min read
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu.
Compared to the previous inflation report, BNR noted a significantly higher inflation curve due to the liberalization of the electricity market and the increase of indirect taxes in the third quarter, especially on electricity. The removal of electricity price caps increased inflation by 2.3%, more than the impact of the VAT increase.
