National Bank of Romania Maintains Benchmark Interest Rates

The National Bank of Romania maintained its benchmark interest rates on Wednesday, July 8, 2026, holding the key policy rate at 6.50 percent. The board also kept the lending facility rate at 7.50 percent and the deposit facility rate at 5.50 percent, maintaining levels that have been static since August 2024. Additionally, the bank held the minimum reserve requirement ratios for credit institution liabilities in both leu and foreign currencies.

These decisions occur as the bank manages significant economic pressure. Inflation rose to 10.85 percent in May, driven by increased costs for natural gas, fuel, and administered prices. This inflationary spike coincides with stalled quarterly economic activity in the first quarter of 2026, following a 1.9 percent contraction in the final quarter of the previous year.

Officials noted that these policy choices are intended to ensure price stability and support sustainable economic growth. The bank's cautious approach comes amid a backdrop of domestic political challenges and continued uncertainty regarding conflict in the Middle East.