Category: Romania

Inflation dips almost imperceptibly to 9.8%, benchmark rate held once again. Central Bank finally revises year-end inflation forecast significantly upward. Trade deficit narrowing – slowly. September 2025 data put it at USD2.9Bn. Monetary Policy At the 12th November meeting the Central Bank Banca Nationala a Romaniei (BNR) voted unanimously to hold interest rates at 6.50%,…

Inflation hovers at 9.9%, benchmark rate held once again. Trade deficit widening, now at almost 10% of GDP. Overly optimistic forecasts for reducing the budget deficit fail to perceive the highly resilient roadblocks that will be put up by various state organs. Monetary Policy The Banca Nationala a Romaniei (BNR) continued to hold interest rates…

Another inflationary jump, benchmark rate held again. A stable leu (against the Euro), unemployment continues to edge up. The disparate parties of the already shaky coalition found another opportunity to compete with one another – but once again President Dan has shown his political skill. Monetary Policy The Banca Nationala a Romaniei (BNR) continues to…

A significant inflationary spike, steady interest rates, and a very fragile coalition government – Romania watching is not for the faint of heart at present. Monetary Policy The Banca Nationala a Romaniei (BNR) continues to hold interest rates at 6.5% - one of the highest rates in Europe. No cuts are expected until mid-2026.… Read…

A rocky period for Romania. Persistent, higher than EU average unemployment, high government deficit, austerity measures being put in place, and now 15% US tariffs on EU goods. Ambitions to join the Euro are having to be put on hold again. Monetary PolicyFor a fifth time, after meeting on 5th August the Banca Nationala a…