According to the latest data, the National Bank of Romania (BNR) at its meeting on May 15, 2026 decided to keep the key interest rate at 6.50% p.a., the highest in the European Union. The decision was made against the background of risks related to the budget deficit and regional instability.
The Romanian currency is under pressure amid high inflation and political instability. At the same time, earlier in May it was reported about the renewal of historical lows.
Analysts at Erste Bank said the central bank is likely to revise its inflation forecast upward, with the magnitude of the revision depending on the end date of the forecast.
“This should lead to tough rhetoric early next week, although any comments are likely to be omitted,” the analysts said.
