Romania policy interest rate
Banca Naţională a României rata dobânzii de politică monetară — the fixed rate on the BNR's main open-market operations (normally one-week repo tenders at a fixed rate), set by the Consiliul de administraţie al BNR under Legea nr. 312/2004 privind Statutul BNR. The lending (Lombard) and deposit facility rates form a symmetric ±100bps corridor around it. Romania is an EU member but NOT in the euro area, so it retains the leu and an independent policy rate; the ECB deposit facility rate is not the operative rate for Romania.
| Current value | 6.5 percent |
|---|---|
| In force from | 2024-08-08 |
| Official source | BNR — Hotărâri ale CA al BNR pe probleme de politică monetară, şedinţa din 8 iulie 2026: 'menţinerea ratei dobânzii de politică monetară la nivelul de 6,50 la sută pe an'; level and validity date corroborated by the BNR statistical table 'Rata dobânzii de politică monetară şi ratele dobânzilor la facilităţile permanente' (valabile din 8 aug. 2024: 6,50 / 7,50 / 5,50) |
| Last verified | 2026-07-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
6.50% has been in force since 8 August 2024 and has NOT moved since — the Board has held at every meeting through the 8 July 2026 decision, which is the latest decision as of confirmation. Corridor unchanged: Lombard (credit facility) 7.50%, deposit facility 5.50%. Reserve requirement ratios on lei and FX liabilities also unchanged. Context from the 8 Jul 2026 communiqué: annual CPI inflation rose to 10.85% in May 2026 from 9.87% in March, driven by natural gas, fuels, administered prices and a large increase in state-housing rents; adjusted CORE2 rose to 8.5% in May from 8.2% in March; HICP inflation 9.7% in May. GDP stagnated in Q1 2026 (-1.2% y/y) after -1.9% q/q in Q4 2025. The Board expects a SUBSTANTIAL fall in annual inflation in Q3 2026 as the direct effects of the electricity price-cap removal and of the August 2025 VAT and excise increases drop out of the base — i.e. the current double-digit print is largely a tax/administered-price effect, not a reason to expect a hike. Minutes of the 8 Jul 2026 meeting were due for publication 20 July 2026; the NEXT monetary policy meeting is 10 August 2026. Rate history from the BNR table (https://www.bnr.ro/1970-rata-dobanzii-de-politica-monetara): 6,50% from 8 Aug 2024; 6,75% from 8 Jul 2024; 7,00% from 11 Jan 2023; 6,75% from 9 Nov 2022; 6,25% from 6 Oct 2022; 5,50% from 8 Aug 2022. Access note: bnr.ro pages are JavaScript-rendered — a plain HTML fetch returns only the navigation menu, so a headless-browser render is required to read the decision text or the rate table.
Earlier values
| From | Value | Source |
|---|---|---|
| 2018-01-03 | 1.75 | Bank for International Settlements - Central Bank Policy Rat |
| 2018-01-09 | 2 | Bank for International Settlements - Central Bank Policy Rat |
| 2018-02-08 | 2.25 | Bank for International Settlements - Central Bank Policy Rat |
| 2018-05-08 | 2.5 | Bank for International Settlements - Central Bank Policy Rat |
| 2020-03-23 | 2 | Bank for International Settlements - Central Bank Policy Rat |
| 2020-06-02 | 1.75 | Bank for International Settlements - Central Bank Policy Rat |
| 2020-08-06 | 1.5 | Bank for International Settlements - Central Bank Policy Rat |
| 2021-01-18 | 1.25 | Bank for International Settlements - Central Bank Policy Rat |
| 2021-10-06 | 1.5 | Bank for International Settlements - Central Bank Policy Rat |
| 2021-11-10 | 1.75 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-01-11 | 2 | Bank for International Settlements - Central Bank Policy Rat |
| 2022-02-10 | 2.5 | Bank for International Settlements - Central Bank Policy Rat |
Get it programmatically
curl https://euroref.dev/v1/ro/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/ro/policy-rate/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/ro/policy-rateOther Romania series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates · statutory interest rate · official exchange rates