Policy rate in Romania

Banco Nacional de Rumania · Mensual

6.50% (Jul-26) ABS · % · Mensual · CSV

About this indicator

Source	National Bank of Romania
Frequency	Mensual
Release	En las fechas de las reuniones de política monetaria del banco central.
What it is	The monetary policy rate set by the National Bank of Romania (NBR). It is the reference rate for the leu and the centrepiece of Romanian monetary policy.
How it's calculated	It is not calculated statistically: it is decided by the NBR's Board at its scheduled meetings, guided by its price stability objective and the economic situation. Quoted as an annual percentage.
Market implications	Changes pass through to ROBOR, credit and the leu (RON) exchange rate. A hike or hawkish bias tends to support the leu and curb inflation; a cut cheapens credit and supports domestic demand.
Limitations	It only moves on decision dates (a step function) and works with long, variable lags. The NBR also intervenes in the FX market, so the policy rate alone does not capture its full stance.