RRI Live!

Listen to Radio Romania International Live

The National Bank of Romania maintains the key interest rate

The monetary policy interest rate stays at 6.5% per year.

Photo: RRA@Cătălin Cîrnu
Photo: RRA@Cătălin Cîrnu

, 08.04.2026, 13:50

The Board of Directors of the National Bank decided, in its quarterly meeting on Tuesday, to maintain the monetary policy interest rate at 6.5% per year. The decision was taken against a complicated economic backdrop, with high inflation, a slowdown in economic growth rate and an uncertain international context.

The move was expected by  analysts and confirms the central bank’s cautious strategy as it tries to keep inflation in check without further affecting economic growth. The inflation rate saw a slight drop  at the beginning of the year, to 9.31% in February, but the National Bank warns that this trend could be temporarily interrupted, as the rise in energy prices owing to the conflict in the Middle East may again push prices up in the next few months. Flavius ​​Jakubowicz, the president of the Association of Financial and Banking Analysts in Romania explains:

“It’s a decision that shows constancy and caution and which in effect sends a clear signal that this is not the time for monetary easing. The rise in energy costs was unexpected and had not been budgeted with respect to the economy and budget substantiation”. The National Bank warns of significant risks arising from the fiscal area, as well as from international developments, including the global energy crisis. In this context, the central bank is trying to maintain price stability, even if this will mean slower economic growth. High interest rates discourage consumption and lending, but help reduce inflation, in a process that economists see as necessary.

The result is controlled, albeit slower, economic growth. According to financial analyst Flavius ​​Jakubowicz, the economy is undergoing an adjustment phase, slowing down in a controlled manner to allow the inflation rate to fall in a sustainable way. In his opinion, the most likely scenario is maintaining interest rates in the first part of the year, with possible reductions in the second half of 2026, if inflation falls more significantly.

However, the possibility of the key interest rate to be increased is not ruled out either, if the inflation rate accelerates again or in the event of additional pressures on the exchange rate and on financial markets. In the short term, the National Bank even estimates a possible rise in the inflation rate in the March-June period, as a result of higher fuel prices and the effects of recent fiscal measures.

Tensions on financial markets have grown in recent weeks and the state’s financing costs have increased amid the perception of risk in the region. Under the circumstances, the central bank is standing by, while closely keeping an eye on domestic and external developments, and what will happen to interest rates will depend mainly on the evolution of inflation and the general economic stability.

Photo: Voicu Horațiu / unsplash.com
Today in the News Friday, 30 October 2026

The latest CURS Survey – A Sociological Mirror of Today

77% of the Romanians believe their country is moving in the wrong direction, 18% believe the direction is right, whereas 5% had no say, shows the late…

The latest CURS Survey – A Sociological Mirror of Today
Photo: KWON JUNHO / unsplash.com
Today in the News Friday, 30 October 2026

Concerns Regarding Energy Prices

Energy prices, the risk of further price hikes, and the capacity of European states to meet their electricity demand during the cold season were the p…

Concerns Regarding Energy Prices
Romania-Bulgaria-Turkey trilateral / Photo: fb.com Ștefan Radu Oprea
Today in the News Thursday, 29 October 2026

Romania-Bulgaria-Turkey Trilateral

While the Defense Ministers of Romania, Bulgaria, and Turkey were meeting in Sofia on Wednesday to discuss measures to protect civilian shipping, amid…

Romania-Bulgaria-Turkey Trilateral
(Photographer: Alain ROLLAND
Copyright: © European Union 2026 - Source : EP)
Today in the News Thursday, 29 October 2026

Aviation fuel and pipelines for Europe

A difficult winter lies ahead, and 2027 is expected to see prices remain high due to the ongoing global crisis; consequently, the European Union must …

Aviation fuel and pipelines for Europe
Today in the News Wednesday, 28 October 2026

The New Romanian Prime Minister in Chișinău

Formed from a portion of the eastern Romanian territories annexed by the Stalinist Soviet Union in 1940 following an ultimatum, the current Republic o…

The New Romanian Prime Minister in Chișinău
Today in the News Wednesday, 28 October 2026

Romania and flu vaccination

The respiratory infection season is in full swing in Romania. According to the National Institute of Public Health (INSP), nearly 82,000 cases of clin…

Romania and flu vaccination
Today in the News Wednesday, 28 October 2026

Where is the disconnect between Bulgarians and Presidential elections?

The first round of the presidential election is over, but record-low voter turnout raises serious questions: Why is electoral momentum declining? Is B…

Where is the disconnect between Bulgarians and Presidential elections?
Today in the News Wednesday, 28 October 2026

An election marked by disillusionment sends a warning to Bulgaria’s government

The first round of Bulgaria's presidential election saw record-low voter turnout, both at home and among Bulgarians abroad, surprising even pollsters.…

An election marked by disillusionment sends a warning to Bulgaria’s government

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company