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The NBR will keep interest rates unchanged, pending clarification on inflation, which is expected at 7.5% at the end of the year.

Ana-Maria Tapescu
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6 August 2025, 11:55
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BCR chief economist Ciprian Dascălu expects the NBR to keep interest rates unchanged following the VAT and excise tax hikes, which have increased consumer price uncertainty. Inflation has exceeded previous estimates, with BCR forecasting 7.5% inflation at the end of the year. Fiscal adjustments will reduce the trade deficit, but interest rate cuts are not expected until 2026. Against this backdrop, savings protection strategies are essential to maintain purchasing power.

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Inflația va crește puternic până la finalul anului, avertizează economistul-șef BCR. Prețul energiei urcă semnificativ. Când vor începe tăierile de dobânzi
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Erste: BNR va amâna mai mult scăderea dobânzilor, în contextul unei inflații peste așteptări și al noilor măsuri fiscale

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NEWS ON THE SAME TOPICS

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The BNR has revised the inflation forecast for the end of 2026 to 6.1% and estimates an inflation of 3.4% at the end of 2027.
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