Romania

Negative in real terms

Policy rate

6.50%

Last move Aug 2024

Inflation

7.19%

As of null

Real policy rate

-0.69%

Policy rate less inflation

Debt to GDP

61.90%

2026 est.

Inflation target2.5%

Policy rate vs target+4 pp

Last move-25 bps cut

Months at current rate25

Real GDP growth0.70%

Next scheduled decisionNot published

Policy rate path, latest five years. Cycle peak 21.25% (Nov 2003).

The verdict

Romania sets its policy rate at 6.50%, against inflation of 7.19% — a real rate of -0.69%, with the policy rate sitting below the inflation rate. The most recent decision was a 25bp cut in Aug 2024. The rate has held there for about 25 months. The bank targets 2.5% inflation, and prices are running above that at 7.19%; the policy rate stands 4.00 percentage points above target. On the fiscal side, the economy carries government debt of 61.9% of GDP (2026 est.) and real GDP growth of 0.7%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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