While the Bank did not give explicit forward guidance in its press release, its tone was hawkish, on the back of its assessment of higher inflation prints towards the year-end. My Cart 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. The description is composed by our digital data assistant. In the same period, Romania and Hungary were among the countries with the highest mortgage interest rates in Europe, at. . Currently, these are repo operations with a maturity of one week, executed in the form of tenders, at a fixed interest rate. Stats The central bank raised the. Inflation came in at 15.9% in September, up from Augusts 15.3%. 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. 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. 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%. . At its meeting on 10 May, the National Bank of Romania (NBR) raised the policy rate to 3.75% from April's 3.00%, thus marking the sixth successive hike. Romania 1-Month Interest Rate 4.99% for May 2022 Overview; Interactive Chart; Level Chart. As of 2022-07-01 Romania's Federal Interest Rate is 4.75 percent. 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. 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. 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. In 2020, interest rate spread for Romania was 4.56 %. The global median is 3.125. In Romania, inflation accelerated past 15% in June, the highest since 2003 as higher prices of processed food and fuel more than offset by the drop in VFE prices. Twitter First Value % Chg Prev. The fourth quarter of 2020 reached a value of 4.81 percent. 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. Romania - Interest rate spread 4.56 (%) in 2020 In 2020, interest rate spread for Romania was 4.56 %. Standard users can export data in a easy to use web interface or using an excel add-in. LinkedIn You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. 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. We have a plan for your needs. Period. The first concerns the increase in the monetary policy interest rate to 6.75% per year, from 6.25%. "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. Romania unexpectedly raised interest rates for the first time since 2018, following nearby countries that are already locked in a battle with surging prices. 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. 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. Romania Economy Data Sample Report 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. 2022 City Compass Media and/or its affiliated companies. Romania 6-Month Interest Rate 6.14% for Jun 2022 Overview; Interactive Chart; Level Chart. In depth view into Romania 1-Month Interest Rate including historical data from 1995, charts and stats. In Romania, inflation accelerated past 15%, the highest since 2003. Our analysts see the economy growing 3.5% in 2022, which is up 0.7 percentage points from last month's forecast, and 3.7% in 2023. 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. White label accounts can distribute our data. Trading Economics welcomes candidates from around the world. Meanwhile, the bank raised its lending facility rate to 7.25% from 6.50% and its deposit rate to 5.25% from 4.50%. 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. 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. The latest comprehensive information for - Romania Deposit Interest Rate - including latest news, historical data table, charts and more. API users can feed a custom application. The interest rate in Romania 2.63%in 2020 Romania interest rate was at level of 2.63 % in 2020, up from 0.34 % previous year. We think that the tightening cycle is nearing an end, but that interest rates will have to remain in restrictive territory for some time. 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. The central bank on Tuesday. 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. Maciej Martewicz. ROBID-ROBOR (11AM) Interest rates on the interbank market ROBID/ROBOR are calculated on a daily basis by Reuters. 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. 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 . 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. In any case, analysts see the end of the monetary tightening cycle soon, including for reasons related to the economic slowdown. This decision marked the ninth consecutive hike. The Trading Economics Application Programming Interface (API) provides direct access to our data. Select indicator * indicates monthly or quarterly data series Download data API Interest rate forecast - Romania Managerial Economics Student Andrei Pislariu No. 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. The Lombard rate and the deposit facility rate were raised by the same magnitude to 6.5% and 4.5%, respectively. F is for Flexibility! | Romania Interest Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Romania: Industrial activity decreases at softer pace in August, Romania: Septembers inflation rate comes in at highest level since September 2003, Romania: NBR hikes by more than expected in October, Romania: Industrial output falls at a softer pace in July, Romania: Inflation comes in at highest level since October 2003 in August. 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. Romania Interest Rates A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans. Trading on margin increases the financial risks. Click on Spread value for the historical serie. Deposit interest rate in Romania from 2011-2021 Published by Statista Research Department , Oct 19, 2022 The deposit interest rate in Romania decreased to 1.58 percent since the previous year.. 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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. 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. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. 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. In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). 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. Share. Advanced users can use our Python/R/Matlab packages. 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. Google+, Facebook Click on the following link to see the values of Mortgage credit interest rate, percentaround the world. Client Log In, Facebook 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%. Our panel is currently assessing the latest policy decision of the NBR. 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