The 3-month ROBOR index has decreased to 6.06%, reflecting a relaxation of financial conditions, while interest rates on government bonds have fallen below 7%.

The 3-month ROBOR index decreased on Monday to 6.06%, approaching the levels prior to the presidential elections in May. This decline of nearly 135 basis points in the last 8 months suggests a de-escalation of financial conditions, in the context of the improvement of Romania's fiscal situation. Interest rates on government bonds have fallen below 7%, and the surplus liquidity in the banking system has increased, facilitating the financing of the economy at lower costs. The BNR maintains a relaxed monetary policy, and economist Valentin Tătaru emphasizes that there are no signs of tightening it. BNR Governor Mugur Isărescu highlighted that the decrease in ROBOR is a positive signal for a possible reduction in the monetary policy rate. Estimates suggest that the first cut in the key interest rate could take place in 2026, depending on the evolution of inflation.