NBR's tightening cycle nearing an end The National Bank of Romania (NBR) slowed down the pace of its tightening cycle today, with a 50bp interest rate hike to 6.75%. Lending Rate for Romania from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. Decades-high inflation, new Covid-19 variants and potentially slower-than-expected absorption of EU funds pose risks. Basic Info. As such, while further policy tightening is warranted in the near term, next years decisions are likely to be more data-dependent and in sync with global developments. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Romania Interest Rate Decision Create Alert Latest Release Oct 05, 2022 Actual 6.25% Forecast 6.00% Previous 5.50% Monetary policy refers to the actions undertaken by a country's monetary. The banks Board expects inflation to continue rising mildly through Q4 and slow in 2023, before easing back to single-digit figures in the first half of 2024 should no further commodity supply shocks occur. The central bank raised the benchmark interest rate by half a point to 3% at its meeting on Tuesday, matching the estimates of nine out of 12 economists surveyed by Bloomberg. OPEC+ Meeting, ADP, Twitter Saga - What's Moving Markets, Dollar Steadies After Fed Officials Play Down Pivot Hopes, Dollar Retains Strength on Rising Yields; Nonfarm Payrolls Eyed, CEE: Risk Of Sticky Inflation Forces Central Bankers To Hike. The official interest rate is the Policy Rate. We think that the tightening cycle is nearing an end, but that interest rates will have to remain in restrictive territory for some time. White label accounts can distribute our data. Interest rate forecast - Romania Managerial Economics Student Andrei Pislariu No. Romania Lending Facility Rate - October 2022 Data - 2003-2021 Historical Romania Lending Facility Rate Summary Forecast Stats Download Lending Rate in Romania increased to 7.25 percent in October from 6.50 percent in September of 2022. source: National Bank of Romania 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Romania Lending Facility Rate . It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Romania - Interest Rate NBR speeds up policy tightening with sixth consecutive rate hike in May. In the meantime, the NBR raised its lending facility rate and its deposit facility rate by 50bps to 7.75% and 5.75%, respectively. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Share. Get a sample report showing our regional, country and commoditiesdata and analysis. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Meanwhile, the bank raised its lending facility rate to 7.25% from 6.50% and its deposit rate to 5.25% from 4.50%. Our panel is currently assessing the latest policy decision of the NBR. The description is composed by our digital data assistant. (P) Fit For Future Education. Twitter 2022 City Compass Media and/or its affiliated companies. In Romania, inflation accelerated past 15%, the highest since 2003. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. The Board of Directors of the National Bank of Romania (BNR) decided on Tuesday to increase the monetary policy interest rate to 6.75% per year, from 6.25% per year previously, starting on November 9, 2022, the central bank informs, told Agerpres. The decision marked the ninth consecutive rate increase to push borrowing costs to their highest since February 2010, as the central bank continues its effort to curb soaring price growth. Ciprian Dasclu, BCR's chief economist, expects the BNR to raise the key interest rate by 50bp at 6.75% with "a significant probability" for a 75bp hike based on the inflation figures having exceeded the BNR's August forecast. The National Bank of Romania raised its key monetary policy rate by 50bps to 6.75% on its November 2022 meeting, less than market expectations of a 75bps hike. Current job openings: 2022 Data - 2005-2021 Historical - 2023 Forecast - Calendar, Romania Trade Deficit Widens in September, Romania Hikes Key Rate by Less than Expected, Romania Retail Sales Rise the Least in 19 Months, Romanian Producer Inflation Slows in September, Romanian Inflation Rate Continues to Rise, Romanian Industrial Output Falls for 2nd Month, Romanian Jobless Rate Highest in 4 Months, Romania Current Account Gap Widens in September, Poland Holds Interest Rate Steady for 2nd Meeting, South African Stocks End at Near 2-Month High, Ecuador Inflation Rate Slows to 4% in October. The maximum level was 12.5 % and minimum was 1.25 %. In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). At its meeting on 5 October, the National Bank of Romania (NBR) raised the policy rate to 6.25% from 5.50%, above analysts expectations of 50 basis points. The analysts expect a 50bp rate hike (the median expectation in the Bloomberg survey) at the monetary board meeting of the National Bank of Romania (BNR) on November 8, with "significant" chances seen by some for a more hawkish 75bp move. Trading on margin increases the financial risks. Time series - selected from the Interactive Database click on 'Generate Statistics' and select the desired format: HTML, XLS, XML or CSV Financial markets Money market ROBID - ROBOR daily values Generate Statistics As of 2022-07-01 Romania's Federal Interest Rate is 4.75 percent. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. At the same time, policymakers expect Romanias economy to enter a broad stall in Q2 and Q3 amid the impact of the war in Ukraine. This page provides forecast and historical data, charts, statistics, news and updates for Romania Lending Rate. 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Select indicator * indicates monthly or quarterly data series Download data API This is higher than the long term average of 5.82%. BNR increased the policy interest rate by 75bp at its latest board meeting in October, when it also said that the inflationary outlook had deteriorated. LinkedIn Romania Interest Rate The central bank of Romania raised its key monetary policy rate by 75bps to 6.25% on October 5th, 2022, the eighth consecutive rate hike, pushing the borrowing costs to the highest since October 2011. "Given the expected profile of inflation and the very likely slowdown or even contraction of the economy in Q4 and Q1, we believe that the end of the monetary policy tightening cycle is near. In depth view into Romania 6-Month Interest Rate including historical data from 1995, charts and stats. Romania Photo of the Day by Dreamstime: Braov in autumn colors, New funding program supports Romanian NGO projects for people with disabilities. The banks Board expects inflation to continue rising mildly through Q4 and slow in 2023, before easing back to single-digit figures in the first half of 2024 should no further commodity supply shocks occur. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. LinkedIn All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. 5 years of economic forecasts for more than 30 economic indicators. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Romania is also benefiting from large EU funds that could keep growth in place and also inflationary pressures.
The next monetary policy meeting is scheduled for 8 November. Advanced users can use our Python/R/Matlab packages. This decision marked the ninth consecutive hike. The move surprised markets that were expecting a smaller 50 bps hike. The data and prices on the website are notnecessarilyprovided by any market or exchange, but may be provided bymarket makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Data published Monthly by Central Bank. Romania Long Term Interest Rate is at 8.14%, compared to 9.26% last month and 3.72% last year. The move was the first 75 basis point hike and somewhat exceeded market expectations. The Board of Directors of the National Bank of Romania (BNR) decided on Tuesday to increase the monetary policy interest rate to 6.75% per year, from 6.25% per year previously, starting on November 9, 2022, the central bank informs.Also, the BNR increased the interest rate for the credit facility (Lombard) to 7.75% per annum, from 7.25% . Romania - Interest rate spread 4.56 (%) in 2020 In 2020, interest rate spread for Romania was 4.56 %. Interest Rate in Romania increased to 6.25 % in October 2022. By Susan Mathew Nov 8 (Reuters) - The Romanian leu slipped on Tuesday after the country's central bank slowed the pace of interest rate hikes, while other emerging market currencies . For Cyprus, primary market yields are reported up to April 2015. Trading Economics welcomes candidates from around the world. Ciprian Dasclu, BCR's chief economist, expects the BNR to raise the key interest rate by 50bp at 6.75% with "a significant probability" for a 75bp hike based on the inflation figures having . The central bank of Romania raised its key monetary policy rate by 75bps to 5.5% on August 5th, 2022, the seventh consecutive rate hike, pushing the borrowing costs to the highest since February 2012. Inflation increased to 15.3% in August, above Julys 15.0%. Google+, Copyright: 2022. . View Romania - Interest rate forecast.pdf from ECONOMICS 9072020 at San Francisco State University. Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. The average value for Romania during that period was 7.88 percent with a minimum of 4.2 percent in August 2021 and a maximum of 13.65 percent in May 2010. Nov 8 (Reuters) - The Romanian leu slipped on Tuesday after the country's central bank slowed the pace of interest rate hikes, while other emerging market currencies were mixed as . Interest Rate - Europe Financial markets in Romania Monetary Aggregates 16.86 %in 2020 WB Romania 6-Month Interest Rate 6.14% for Jun 2022 Overview; Interactive Chart; Level Chart. This decision marked the ninth consecutive hike. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Currently, these are repo operations with a maturity of one week, executed in the form of tenders, at a fixed interest rate. Whether it is in November at 6.75% (our estimate) or in January 2023 at 7% is probably less relevant to local rates, which tend to correlate more with liquidity conditions than the key rate," said Valentin Ttaru, ING's chief economist, Ziarul Financiar reported. [] However, we do not forecast a global recession and believe that eventually the NBR will have to hike again because inflation is unlikely to slow as much as expected. Meta Reality Check, U.S. GDP, ECB Rate Hike - What's Moving Markets By Investing.com - Oct 27, 2022 Dow Futures Trade Lower, Amazon Tanks 12.7% After Earnings By Investing.com - Oct 28, 2022 Watch Live: ECB Press Conference with Christine Lagarde By Investing.com - Oct 27, 2022 Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. The same applies to Bulgaria and Romania up to December 2005 . Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. Fusion Mediaandany provider of the data contained in this websitewill not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. Romania 1-Month Interest Rate: Feb 2022: 3.05% : Aug 1995: 42.65% : 19.14%: Romania 1-Month Interest Rate: Q3 2015 . Online Store Basic Info. The Trading Economics Application Programming Interface (API) provides direct access to our data. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. Inflation came in at 15.9% in September, up from Augusts 15.3%. The statistics for EU Member States relate to interest rates for long-term government bonds denominated in euro for euro area Member States and in national currencies for Member States that have not adopted the euro. Home > Countries > Romania > Interest Rate. Industrial output decreased 0.9% compared to the same month a year earlier in July, which was a less pronounced drop than June's 2.1% decrease. F is for Flexibility! Client Log In, Facebook 28263. We are on the 9-10th spot at parity with Iceland at 4.75%, above us is Poland with 6.5%, Czech Republic with 7% and Hungary with 7.75%. The National Bank of Romania made several important decisions on Tuesday. API users can feed a custom application. words: approx. Poland's central bank left interest rates unchanged for a second straight month as concerns over turmoil from a slowing economy trumped warnings about persistently high . Stats First Period. Susan Mathew. Romania 6-Month Interest Rate is at 6.14%, compared to 5.52% last month and 1.47% last year. The central bank raised the. Romania Interest Rates Indicators Index Back to Economy Main Page Indicator. Click on Spread value for the historical serie. Primary market yields are reported up to December 2005 Julys 15.0 % in. 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