BNR keeps key interest rate at 6.50% per annum

At a meeting on August 8, 2025, the Board of the National Bank of Romania (BNR) decided to keep the bank's monetary policy rate at 6.50%.

They also decided to leave unchanged the lending (Lombard) facility rate at 7.50% per annum and the deposit facility rate at 5.50% per annum, and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.

"The BNR Board decisions aim to ensure and maintain price stability over the medium term, in a manner conducive to achieving sustainable economic growth. The BNR Board reiterates that, at the current juncture, the balanced macroeconomic policy mix and the implementation of structural reforms, also by using EU funds to foster the growth potential over the long term, are of the essence in preserving a stable macroeconomic framework and strengthening the capacity of the Romanian economy to withstand adverse developments. BNR closely monitors developments in the domestic and international environment and stands ready to use the tools at its disposal in order to achieve the fundamental objective regarding medium-term price stability, while safeguarding financial stability," according to the bank.

In 2024, the board decided on two occasions to lower the key interest rate, in July, from 7% per annum to 6.75% per annum, and in August to 6.5% per annum. The key interest rate had been unchanged since January 2023.