BNR keeps key interest rate at 6.50%
The National Bank of Romania's (BNR) Board of Directors decided on Monday to maintain the key interest rate at 6.50% per annum in its first monetary policy meeting of the year.
The National Bank of Romania's (BNR) Board of Directors decided on Monday to maintain the key interest rate at 6.50% per annum in its first monetary policy meeting of the year.
The beginning of 2026 will bring lower mortgage interest rates in Romania, both for fixed rates (over 98% of current loans) and variable rates, according to a market report by online broker Ipotecare.ro and financial consultant SVN Romania Credit & Financial Solutions.
Romanian 10-year euro-denominated bonds currently trade at a yield of 5.96%, representing a 351-basis point (bps) spread over German Bunds, which equals to 3.51% over Germany.
Investors are anxiously eyeing the tariff-related decisions Donald Trump may make once he reaches the Oval Office in the White House.
ECB will continue to cut interest rates by 25 basis points, although a more aggressive cut of 50 basis points would be more justified given the fragile economic situation.
Emerging market currencies are going to be under pressure until at least the third quarter of 2024.

Rompetrol Rafinare will halt operations at its Petromidia Năvodari and Vega Ploiești refineries in early March for a scheduled technological turnaround lasting approximately 20 days.
Telecom group Digi Communications registered €2.2 billion in consolidated revenues during 2025, a 15% increase compared to 2024.
Romanian producer Aeta, former Electroargeș, has terminated its contract with Beko Romania following a commercial dispute over pricing adjustments for 2025 and 2026.
DN Agrar Group, one of Romania's leading integrated agrifood companies and Europe's largest dairy milk producer, closed 2025 with preliminary turnover of €43 million, up 21% compared to 2024. Net profit increased by 65% to €10.5 million, translating into a net margin of 25%.
Romanian startups raised €103 million in 2025 across 40 transactions, according to a new report by How to Web. The total investment volume is approximately 20% lower than in 2024, showing a recalibration in investment activity within the local ecosystem.