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%, citing still-elevated inflation (more below) and continued uncertainty (globally, regionally, and indeed within Romania itself. Inflation Inflation (CPI) dipped almost imperceptibly to 9.8% in October’s data, down from 9.9% in September. The, Banca Nationala a Romaniei (BNR), has now raised its year-end forecast from a highly optimistic 8.8% to a much more realistic 9.6%. no change from August and still the highest since mid-2023 and a stark contrast to 2024’s 4.8%. Recall that the BNR’s target range is 1.5-3.5%. Most forecasts are for 9-9.6% by year end, but many did suggest September would see a rise to 10.1%. We ...
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