Romania’s central bank keeps 6.5% monetary rate, warns of inflationary risks

11 August 2026 In line with expectations, the National Bank of Romania (BNR) on August 10 decided to keep the key policy rate unchanged at 6.50%. BNR reiterated expectations for headline inflation to drop sharply during Q3 from double-digit rates in Q2, but it also mentions “notable uncertainties and risks” generated by the future evolution of electricity and food prices, amid this year's severe drought, as well as from the trajectory of crude oil prices. Under the official projections for the inflation trajectory, rather confirmed by independent analysts, BNR is not expected to change the monetary policy over the coming quarters, Erste Group says. There were no indications of a potential upward revision to the inflation forecast compared with the May projections, Erste Group says in a res