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The BNR announces that inflation will rise to 9.6% in December 2025, although the previous forecast was 8.8%.

Cristina Petrache
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24 November 2025, 15:18
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The National Bank of Romania (BNR) has revised its inflation forecast, anticipating a rate of 9.6% in December 2025, compared to the previously estimated 8.8%. In the second part of the forecast horizon, inflation could decrease to 3.7% in December 2026 and to 2.9% in September 2027. Members of the BNR Council emphasized that the inflation outlook has deteriorated, especially in the first part of the forecast, due to the transitional effects of removing the price cap on energy and increasing VAT and excise rates. They mentioned that although inflation will decrease over time, it will remain above previous levels. Additionally, the impact of fiscal measures on consumer demand was highlighted, with significant risks for medium-term inflation expectations. The monetary policy interest rate was maintained at 6.5%.

Sources

sursa imagine
Stirile ProTV
BNR anunță „o nouă înrăutăţire a perspectivei inflaţiei”. Ar urma să ajungă la 9,6% în decembrie
sursa imagine
Antena3
BNR înrăutățește prognoza de inflație. Ce se va întâmpla cu prețurile în următoarele luni
sursa imagine
Presshub
Inflația în decembrie, mai rea decât ne-am așteptat. Prognozele BNR
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B1TV
Inflația se menține la un nivel ridicat. BNR confirmă oficial eșecul majorării TVA
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psnews.ro
Anunț îngrijorător de la BNR: Inflaţia va fi mai mare decât s-a preconizat iniţial
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Capital
BNR înrăutățește semnificativ prognoza de inflație: 9,6% la final de 2025 și revenire în țintă abia în 2027
sursa imagine
News.ro
BNR preconizează o nouă înrăutăţire a perspectivei inflaţiei în raport cu previziunile precedente. Rata anuală a inflaţiei ar urma să ajungă la 9,6% în decembrie 2025, comparativ cu 8,8% anticipat iniţial
sursa imagine
Newsweek
BNR avertizează: perspectiva inflației se înrăutățește, revenirea în țintă abia în 2027
sursa imagine
Ziare.com
Vești proaste de la BNR. Inflația va fi mai mare decât se așteptau specialiștii lui Isărescu. La cât se va ajunge în decembrie

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NEWS ON THE SAME TOPICS

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Economy
The BNR estimates an inflation rate of 5.5% for the end of 2026, but BCR warns that the forecast does not include the impact of the depreciation of the leu from May.
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Economy
The annual inflation rate in Romania is estimated to reach 10.3% in 2026, with high risks for the leu and economic activity.
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Economy
The BNR has decided to maintain the key interest rate at 6.50% per year and has warned that inflation will rise due to the war in the Middle East.
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Economy
The BNR has decided to maintain the key interest rate at 6.5% to avoid negative economic impact, in the context of an inflation rate of 10.85% in Romania.
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International
The Russian Bank abandons maintaining the interest rate at 14.25% and revises down the economic growth forecasts.
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Republic of Moldova
The National Bank of Moldova forecasts an economic growth of 2% and an average inflation of 8.1% for 2026
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